Used automobile parts - Lumax Auto to raise 225.9 mln rupees in IPO (Reuters via Yahoo! Asia News)
Lumax Auto to raise 225.9 mln rupees in IPO (Reuters via Yahoo! Asia News) MUMBAI, Nov 28 (Reuters) - Auto parts maker Lumax Auto Technologies Ltd. said on Tuesday it plans to raise 225.9 million rupees at 75 rupees a share through an initial public offer.
Source: asia.news.yahoo.comPHILIPPINE AUTO PARTS MAKERS PUSH LOCALLY ASSEMBLED CARS (Asia Pulse via Yahoo!7 Finance) Transport Local auto parts makers are urging buyers to patronize "Pinoy" cars, vehicles that are locally assembled out of completely knocked down (CKD) kits, because these vehicles have higher local value-added in terms of local parts and labor as compared to completely-built units (CBU) that do not have any local value-added.
Source: au.biz.yahoo.com