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| Friday, October 10, 2008 20:55:45 |
China Glass absorbs rivals
China Glass, a subsidiary of Legend Holdings, has completed a series of acquisitions that position it as the largest manufacturer and distributor in the Chinese mainland's glass sector, The Beijing News reports. China Glass spent a total of 416 million yuan to acquire controlling stakes in seven mainland glass companies; after the deals are completed, the company will have fourteen production lines, seven times what it had when it had its IPO in 2005. Capacity will rise from 900 to 4780 tons per day.China Glass: 3300.HKLink: http://economy.thebeijingnews.com/0392/2006/0215/012@160385.htm
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