Henghe Mould Agrees to Buy Temperature-Controlled Radiator Parts From Toshiba Subsidiary
Tang Shihua
DATE:  Oct 27 2017
/ SOURCE:  Yicai
Henghe Mould Agrees to Buy Temperature-Controlled Radiator Parts From Toshiba Subsidiary Henghe Mould Agrees to Buy Temperature-Controlled Radiator Parts From Toshiba Subsidiary

(Yicai Global) Oct. 27 -- Ningbo Henghe Mould Co. [SHE:300539] will purchase electronic cooling fan modules, ultra-thin vacuum heat-sinks and other parts of temperature-controlled radiators from Toshiba Home Technology Corp., who agreed to sell the products to third parties in China as well as their overseas affiliates.

Henghe Mould said yesterday that is signed a sales contract and marketing agreement with the Toshiba Corp. [TYO:6502] subsidiary. It did not disclose relevant financial details.

A large active market exists for these products, and they can be used in automobiles, electronic products, machinery and equipment and robotics, Henghe Mould said.

The company said that after the contract comes into effect, it will run its business in accordance with the agreement, which will shape part of its daily business activities.

The parties signed a framework agreement, and the activities involved are still in the preparatory stage, but the relevant business may have a significant positive impact on Henghe Mould's financial status and operating results in future fiscal years, the firm said.

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Keywords:   Ningbo Henghe Mould,TOSHIBA,Business Contract,Radiator,Electronic Products