It is reported that Jiangxi Huawu Brake will sell its 55% stake in Jiangxi Huawu Precision Casting to Mr Zeng Guorong.

Huawu Precision Casting has registered capital of CNY 10 million and specializes in the design and production of precision castings. It had total assets of CNY 39.08 million and net assets of CNY 9.39 million through the end of 2010. It lost CNY 2.02 million in 2010 on revenue of CNY 22.23 million.

(Sourced from China Business news)