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Electronics Production | February 25, 2008

BYD to acquire Hungarian Mirae Industry

Chinese based electronics manufacturer BYD plans to acquire Hungarian based mobile phone parts maker Mirae Industry.

BYD will pay around $4.3 million for the acquisition and take over responsibilities for all Mirae Industry’s outstanding payables. This will bring the total transaction costs to $23 million, Redlinechina reports. The transaction and acquisition will be made by BYD's Hungarian subsidiary. This image has nothing to do this with this article.
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