TRF Ltd on Tuesday announced that it has acquired 49 per cent stake in the Singapore based York Transport Equipment (Asia) Pte Ltd. The company had in October 2007 acquired 51 per cent stake (128,70,941 shares) in York Transport.
With the acquisition, York Transport becomes a wholly-owned subsidiary on TRF.
York Singapore and its subsidiary is a $70-million conglomerate manufacturing trailer axles, assemble trailer suspension kit and distributes a full range of truck and trailer components.
Published on March 27, 2012
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.