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UFIDA to Acquire Auto Software Firm for RMB 491 Mln

China Securities Journal, 6/18/10

Chinese enterprise management software developer UFIDA (600588.SH) has announced in a public filing that it plans to purchase a 99% stake in auto software maker Infoservice for RMB 486.09 mln; UFIDA's wholly owned subsidiary Jiangxi UFIDA will purchase the remaining 1% stake for RMB 4.91 mln, for a total expenditure of RMB 491 mln. Read More