China’s car market growth driven by 1.2 billion population is looking good to the eyes of the world. Fastener manufacturing and distributing giant QST International Corp. decides to expand investment in China by increasing shareholding ratio to Boltun BVI. The efficacy of long-term investment can be expected.
QST originally holds 19.21% share of Boltun BVI. It plans to purchase 25.79% share of Boltun BVI from Boltun Corp. at the price of USD 19 million. After the purchase, QST’s shareholding ratio will rise to 45%.
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via QST Sees Growth in China’s Car Market and Expands Investment in Boltun BVI