The Online Investor
Auto Parts M&A image Auto Parts M&A » By The Online Investor Staff, updated Fri., Mar. 29, 5:34 AM Recent mergers and acquisitions in the Auto Parts M&A category.

Slide #18. China Auto Logistics Tianjin Zhonghe Auto Sales Service Co.

Acquirer: China Auto Logistics (CALI)
Acquiree: Tianjin Zhonghe Auto Sales Service Co.
Details: China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), a top seller in China of luxury imported automobiles, and a leading provider of auto-related services, reported today that on November 30, 2013, its subsidiary, Tianjin Binhai Shisheng Trading Group Co., Ltd. ("Shisheng") signed an equity transfer agreement with Hezhong International Development Co, Ltd. to acquire Tianjin Zhonghe Auto Sales Service Co., the owner and operator of the Airport International Automall in Tianjin (the "Automall"). The Company plans to develop the Automall into a key site for what it believes can become one of the largest used car businesses in China.

China Auto Logistics is a holding company. Through its subsidiaries, Co.'s principal businesses include sales of imported automobiles, which Co. act as a general agent and wholesaler; financing services related to imported automobiles, which include letter of credit issuance services, purchase deposit financing, and import duty advance services; and other services including automobile information websites and advertising services (www.at188.com and www.at160.com), logistics services related to the automobile importing process and other automobile services, such as assistance with customs clearance, storage and delivery services.

Open the CALI Page at The Online Investor »

Company Name: 
China Auto Logistics, Inc
Website: 
www.chinaautologisticsinc.com
Sector: 
Auto Parts
 

Open the CALI Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree CALI Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Auto Parts M&A - Slide 18 of 43 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.