Idear-Hanyu Electrical to acquire Thailand's Seil Controls for USD 3.3 billion

Chinese household appliance pump maker Idear-Hanyu Electrical plans to buy 100% of Thai component maker Seil Controls from three South Korean shareholders for cash, according to a statement on August 15, 2018. Due diligence is to be completed within 45 days, with 80% of the price paid upon completion.

“The buyer plans to spend USD3.3 billion to buy Seil Controls from three South Korean shareholders.”yicaiglobal.com

• 1 source
• yicaiglobal.comChinese Appliance Parts Maker Buys Thai Counterpart to Expand Global Market ShareAug 17, 2018

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