CHINA TOPIX

05/16/2024 10:44:46 pm

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Qingdao Haier Co

Haier is all set to acquire GE's appliance unit for $5.4 billion. The deal will help Haier to increase its market share in US and other important global markets.

Chinese Manufacturer Haier to Acquire GE Appliance Business for $5.4 Billion

Chinese electronic manufacturer Haier Group is set to acquire General Electronic's Appliance Business for $5.4 Billion. Both companies on Friday released an official statement to announce the acquisition.

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