Siasun buys S Korea asset

Updated 2018-01-23 11:23:02

Siasun Robot and Automation Co has moved to acquire a major stake in the automation unit of South Korea's Shingsung E&G Co, media reports said Monday.

An investment unit controlled by Siasun, which is based in Shenyang, capital of Northeast China's Liaoning Province, will pay 640 million yuan (.78 million) for an 80 percent stake in Shingsung's automation unit, robot industry news site ofweek.com reported.

The Shingsung unit makes process automation equipment, including panel display, semiconductor and factory automation systems.

A Siasun spokesperson said the deal would help the company's expansion in the semiconductor, panel display and related sectors, the report said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58June 25 2018 21:36:27

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16June 25 2018 21:36:27

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18June 25 2018 21:36:27

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords