ABB TO INCREASE INVESTMENT
AsiaInfo Services, April, 1997
AsiaInfo Services 04-30-1997 ABB to Increase Investment BEIJING, April 29, AsiaInfo Services, Inc -- ABB China Investment Co Ltd and Beijing Switch Factory signed an agreement on April 16 on increasing ABB's investment in their joint venture. According to the agreement, Beijing ABB High Pressure Switch Equipment Co Ltd will see US$ 17 million more investment with the total investment hitting US$ 23.3 million.
ABB holds 60 percent while China side 40 percent. 04/29/97: AsiaInfo China Daily News Copyright 1997 AsiaInfo Services (via Comtex). All rights reserved
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