April 27, 2018 / 4:36 PM / in 3 months

BRIEF-China Automotive Systems' Unit Enters JV Contract With KYB China

April 27 (Reuters) - China Automotive Systems Inc:

* CHINA AUTOMOTIVE SYSTEMS INC - ON APRIL 27, UNIT OF CO ENTERED INTO A JOINT VENTURE CONTRACT WITH KYB (CHINA) INVESTMENT CO., LTD - SEC FILING

* CHINA AUTOMOTIVE - HENGLONG, KYB WILL ESTABLISH A JOINT VENTURE COMPANY, HUBEI HENGLONG KYB AUTOMOBILE ELECTRIC STEERING SYSTEM CO., LTD

* CHINA AUTOMOTIVE SYSTEMS INC - PURSUANT TO THE JV CONTRACT, TOTAL INVESTMENT AMOUNT OF THE JV COMPANY IS RMB960 MILLION

* CHINA AUTOMOTIVE SYSTEMS INC - THE JV COMPANY TO BE OWNED AS TO 66.6% AND 33.4% BY HENGLONG AND KYB CHINA, RESPECTIVELY Source text : ( bit.ly/2HShOeB ) Further company coverage:

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