Grammer AG (GMMG.DE)
19 Jan 2018
BRIEF-Unit of Ningbo Jifeng Auto Parts' major shareholder hikes stake in Germany's Grammer to 25.51 pct
* Says major shareholder Wing Sing international Co Ltd's unit JAP Capital Holding GmbH hiked stake in Germany's Grammer AG to 25.51 percent
MUNICH China's Ningbo Jifeng Auto Parts Co wants to increase its stake in German automotive interiors maker Grammer AG to more than 25 percent, a source with knowledge of the situation told Reuters on Tuesday.
MUNICH, Oct 17 China's Ningbo Jifeng Auto Parts Co wants to increase its stake in German automotive interiors maker Grammer AG to more than 25 percent, a source with knowledge of the situation told Reuters on Tuesday.
BRIEF-Grammer: Bifeng Wu, Wing Sing Intl Co, JAP Capital Ltd, JAP Capital Holding Gmbh intend to obtain further voting rights
* GRAMMER - BIFENG WU, WING SING INTL CO., LTD., JAP CAPITAL LIMITED,JAP CAPITAL HOLDING GMBH INTEND TO OBTAIN FURTHER VOTING RIGHTS
Oct 13 German automotive interiors maker Grammer AG said it expects orders at its automotive business to fall well short of its annual target as a recent power struggle with its top shareholder discouraged car manufacturers from placing orders.
* GRAMMER WITH A FURTHER INCREASE IN REVENUE AND OPERATING PROFITABILITY