For RMB 1.5 M
Symphony announced that it has signed an equity transfer agreement with shareholders of Munters Keruilai Air Treatment Equipment (Guangdong) Co. (MKE), China, to 100% of the equity share capital of MKE.MKE is market leading brand in China, producing energy saving and environment friendly evapourative air coolers under brand Keruilai.
The consideration for the proposed acquisition will be RMB 1.5 M (equivalent to about Rs 1.55 crore).
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