 |
|
Mei Ling freezer displays?at ?the China Household Appliance Expo in Shanghai new international expo center, March 22, 2013. [Photo/IC] |
Chinese household appliance company Mei Ling Co is to abandon its planned acquisition of Italy-based counterpart Indesit due to disagreements, the company said.
Indesit was to hold a board meeting to discuss the issue on Tuesday.
Founded in 1983, Mei Ling Co has major refrigerator manufacturing bases in Hefei, Anhui province, Mianyang, Sichuan province and Jingdezhen, Jiangxi province.
Last year its revenue hit 10.5 billion yuan ($1.69 billion), with year-on-year growth of 13.2 percent.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
