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TRF acquires 49% in York Transport Equipment

, March 27, 2012, 0 Comments

TRF Ltd [stockquote]TRF [/stockquote]on Tuesday announced that it has acquired balance 49 per cent stake in the Singapore based York Transport Equipment (Asia) Pte Ltd. With the acquisition, York Transport becomes a wholly-owned subsidiary on TRF. Co had in October 2007 acquired 51 per cent stake (128,70,941 shares) in York Transport.

York Singapore and its subsidiary is a $70-million conglomerate manufacturing trailer axles, assemble trailer suspension kit and distributes a full range of truck and trailer components.

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