TAIPEI – The Yulon Group increases its holdings in China Engine Corp. through the purchase of 18.9% of outstanding shares held by Sanyang Industry. The NT$300 million ($8.93 million) acquisition, combined with the purchase earlier this year of 15% of outstanding shares originally held by the Chiao Tung Bank, brings Yulon's stake in Taiwan's largest producer of automobile engines to about 74%. China Engine was formed in 1995 at the urging of the Taiwan government, which wanted Taiwan ...
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