Midea Buys 24% Stake in Little Swan Mar 3, 2008

Printable format  Email this Article  Search

Chinese Home appliance maker Midea will buy a 24.01% stake in Little Swan for 1.68 billion yuan from Wuxi Guolian Development Group.The deal will reportedly make Midea the biggest shareholder in Little Swan, which is the second largest washing machine producer by sales in China after Haier. (China Daily)

Back to Daily News