M&M's Acquisition of Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd, China
M&M's acquired Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd, China for a relatively samm investment of $26 million.
Yancheng has manufacturing capacity of 26,000 tractors a year. It has a turnover of $20 million in the last fiscal year. Its valuation is $50 million.
Mint 19 august 2008, p 14.
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