FilingReader Intelligence
Sona Comstar forms China joint venture for $12m
July 20, 2025 at 10:09 AM UTC•By FilingReader AI
Sona Comstar has approved a joint venture in China with Jinnaite Machinery Co., targeting driveline systems for automotive OEMs globally.
Sona Comstar will invest $12 million for a 60% equity stake, with its partner contributing $8 million in assets for 40%. Operations are expected to commence in the second half of the current financial year.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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