BEIJING, May 28 (Xinhua) -- Zhejiang CFMOTO Power Co., Ltd. (603129.SH) announced that it planned to buy 1.17 percent stake held by Pierer Industrie AG in KTM Industries AG through its wholly owned Hong Kong subsidiary.
The transaction price would be 113.373 million yuan.
KTM Industries AG is a leading European motorcycle manufacturer and is currently listed on the Swiss and Austrian stock exchanges. It owns two major motorcycle brands, KTM and Husqvarna, and two major component brands, WP and Pankl. The purpose of investment is to promote the long-term cooperation between KTM and the company. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
A single purchase
