Meidensha acquires 41% stake in Vietstar Industry Corporation

Meiden Asia Pte. Ltd., a wholly-owned subsidiary of Meidensha Corporation, signed a contract on January 15, 2020 to acquire a 41-percent stake in Vietstar Industry Corporation, a Vietnamese switchgear manufacturer, to enter the Vietnamese power industry market. The investment is scheduled to close at the end of March 2020.

“Meiden Asia’s investment will help fuse Vietstar’s distribution channels and production power with Meiden Group’s product technologies, aimed at making an inroad into the Vietnamese power industry market”meidensha.com

• 1 source
• meidensha.comMeiden to invest in a Vietnamese switchgear manufacturer to enter the nation’s power industry market | MEIDENSHA CORPORATIONJan 16, 2020

Summarized from public sources; check the original articles before acting on it.