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​Shanghai Highly to buy Fu Sheng Electrical, subject to Mofcom clearance

( January 26, 2015, 02:43 GMT | Official Statement) -- MLex Summary: Shanghai Highly (Group) plans to buy Hangzhou Fu Sheng Electrical Appliance for 1.15 billion yuan ($184 million), Highly said in a statement. The transaction is subject to antitrust approval by China’s Ministry of Commerce. Highly is mainly engaged in the manufacturing of compressors and refrigeration-related businesses. Fu Sheng Electrical produces high-efficiency energy-saving motors and refrigeration compressor motors. The full statement is attached....

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