China's Yinyi to buy Punch Powertrain from Gimv, others for $1.1b

China's Yinyi to buy Punch Powertrain from Gimv, others for $1.1b

Photo: REUTERS/JASON LEE

Belgian holding company Gimv said on Thursday that it and other shareholders had agreed to sell automotive system supplier Punch Powertrain to Chinese group Yinyi.

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