Daily Stock Setups

Jinzhou Halla Electrical Equipment to form joint venture with Teawon Dianzhuang

Posted on: Tue, 10 Nov 2009 13:54:00 EST

Symbols: WATG

Do you know when to trade WATG ?

Check for a PowerRating from TradingMarkets

Nov 10, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
WATG | Quote | Chart | News | PowerRating -- Jinzhou Halla Electrical Equipment Co., Ltd., a China-based subsidiary of Wonder Auto Technology, Inc., a manufacturer of alternators and starters for automobiles, has signed an agreement with Teawon Dianzhuang Corporation to form joint venture named Jinzhou Wonder Teawon Dianzhuang Co., Ltd. Teawon Dianzhuang is a Korea-based electromagnetic switch manufacturer.

The joint venture will be established around December 1, 2009 at West Sea Development Zone Auto Parts Industrial Park of Jinzhou City, Liaoning in China. Jinzhou Wonder Teawon will produce solenoid switches for automotive starters, alternator collector rings, starter commutators, and other automobile parts. The joint venture is expected to start its operations in June 2010.

Jinzhou Halla will make a cash contribution of $2 million in exchange for a 75% equity interest in Jinzhou Wonder Teawon and Teawon Dianzhuang will contribute technology in exchange for a 25% equity interest in the joint venture.

Deal Value (US$ Million) 2
Deal Type                Partnership
Sub-Category             Joint Venture
Deal Status              Announced: 2009-11-09

Deal Participants

Partner 1 (Company) Jinzhou Halla Electrical Equipment Co., Ltd.
Partner 2 (Company) Teawon Dianzhuang Corporation

Deal Rationale

The joint venture products will bring further performance and cost-efficient advantages to Wonder Auto's starter and alternator products in the market competition.

For full details on Wonder Auto Technology Inc (WATG) WATG. Wonder Auto Technology Inc (WATG) has Short Term PowerRatings at TradingMarkets. Details on Wonder Auto Technology Inc (WATG) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.