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| Monday, 27 January 2014, 19:05 HKT/SGT | |
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HONG KONG, Jan 27, 2014 - (ACN Newswire) - BeijingWest Industries International Ltd. ("BeijingWest International" or "the Company") formally announces that the Company has resumed its share trading on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK") with the stock code number 02339 today.
 | | BeijingWest Industries International Limited Successfully Made its Debut on Hong Kong's Capital Market |
BeijingWest International's major shareholder is BeijingWest Industries Co., Ltd. ("BWI" ). BWI is a joint venture of Shougang Corporation and Beijing Fangshan State-Owned Assets Management Co. Ltd. It is a premier chassis supplier that designs and manufactures brake and suspension systems for the global automobile market. On November 1, 2009, BWI, along with its global subsidiaries, acquired what was formally the Chassis Division of Delphi Corporation.
Mr. Xu Ning, Chairman of BeijingWest International, was present at the market open ceremony held at the SEHK. During the ceremony, Mr. Xu extended his deepest gratitude and respects to the intermediaries including VMS Investment Group, Sidley Austin and Deloitte and investors for their full support and recognition. Mr. Xu also mentioned, "The Company will comply with the listing rules, strength operating management and strive for a better performance to achieve maximum return for our investors, as well as the relevant parties who have supported us along the way. We will continue to create a more dynamic and healthier BeijingWest International."
Note: The shares of BeijingWest International is still being traded under the name of Norstar Founders Group Limited. The rename process is in progress.
About BeijingWest Industries International Limited
BeijingWest Industries International Limited manufactures automobile chassis-related products. BeijingWest Industries Co.,Ltd. (BWI) is its major shareholder. BWI is a joint venture of Shougang Corporation and Beijing Fangshan State-Owned Assets Management Co. Ltd. It is a premier chassis supplier that designs and manufactures brake and suspension systems for the global automobile market. BWI, along with its global subsidiaries, acquired what was formally the Chassis Division of Delphi Corporation on November 1, 2009.
Topic: Press release summary
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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