Xintai Electric to acquire TMC’s fixed assets
China: Dandong Xintai Electric (Xintai Electric) announced on Thursday that it has signed a binding letter of intent with TMC, Italian cast resin transformer manufacturer.
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Siemens to sell assets in Karachi
Pakistan, Karachi: Siemens Pakistan has approved the sale of its distribution transformer manufacturing business along with fixed assets of power transformer business, land and building in Karachi against an aggregate consideration of $32 million.