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Yulon Motor to inject $23 mln into 3 Nanjing units

From XFN-ASIA| July 18 , 2008 14:39 BJT

Yulon Motor Co Ltd said its board has approved the injection of a combined 23.10 mln usd into three wholly owned units in Nanjing in China's Jiangsu province.

The new funds will supplement their combined paid-in capital of 39 mln usd, it said in a filing with the local stock exchange.

The three units were set up to help the Taiwan carmaker expand its distribution network on the mainland.

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