March 27, 2017 / 10:45 AM / 4 months ago

BRIEF-ZYNP to set up automobile power system unit and sign license contract with KS Kolbenschmidt GmbH

1 Min Read

March 27 (Reuters) - ZYNP Corp :

* Says it plans to use 300 million yuan to set up a wholly owned automobile new power system unit

* Says co plans to sign a know-how license contract with KS Kolbenschmidt GmbH, regarding technology and intellectual property on manufacturing piston internal combustion engine

* Co plans to pay cash div 1 yuan per 10 shares for FY 2016

Source text in Chinese: goo.gl/h7Hf46 ; goo.gl/a4ynOL

Further company coverage: (Beijing Headline News)

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