Johnson Electric to increase ownership interest in Halla Stackpole Corporation to 80%
HONG KONG, CHINA — (Marketwired) — 03/21/17 — ("Johnson Electric") (HKSE: 179) today announced that it has signed a definitive agreement to acquire an additional 50% equity interest in Halla Stackpole Corporation ("HSC") for Korean Won 93.9 billion (approximately US$83.8 million).Established in 2008, HSC is a joint venture between Halla Holdings Corporation ("Halla Holdings") of Korea and Stackpole International. Since the acquisition of Stackpole International