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16 April 2012

Elco sells Airwell business in Asia

ELCO Holdings has sold its Airwell air conditioning business in Asia to Singapore's Hong Leong Asia Ltd for £8.2m.
The Israeli group sold 80% of Airwell Group's Hong Kong subsidiary, which owns 67% of a venture for the production of commercial air conditioners in China, for £3.8m and it sold the Airwell and Fedders brand air conditioners operations and use rights in Asia for £4.4m.
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The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

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https://www.acr-news.com/elco-sells-airwell-business-in-asia-