Chinese authorities approve Elcoteq`s GKI acquisition
Jan 02, 2003
The Chinese authorities have given their approval to the arrangement announced on December 17, 2002 whereby Elcoteq will acquire IBM's 70% ownership in the Chinese joint-venture electronics manufacturing services companies Shenzhen GKI Electronics Company Limited and Beijing GKI Electronics Co, Ltd. Thus the transaction will be closed on December 31, 2002 according to plan.
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