China's Geely to pay up to $40 mln in DSI purchase

Newswire

HONG KONG, March 28 (Reuters) - Chinese car maker Geely Automobile Holdings will pay up to about A$58 million ($40.22 million) for its acquisition of Australian automatic transmission supplier Drivetrain Systems International (DSI). Geely will pay around A$47.4 million in cash for DSI, but may factor in other unspecified costs such as debt and other final financial considerations, the fast-growing mid-sized Chinese car maker said in a stock filing late on Friday. The auto maker had ...

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