Whirlpool buys 51pc stake in China appliance maker

Whirlpool Corp said it will buy a majority stake in China’s Hefei Rongshida Sanyo Electric for US$552 million as the world’s largest maker of home appliances seeks to expand its sales in Asia.

via Business feed http://www.scmp.com/business/companies/article/1296599/whirlpool-buys-51pc-stake-china-appliance-maker