CARLSTADT, N.J., -- Carlsdadt's Jinpan International Limited a designer, manufacturer, and distributor of cast resin transformers will merge with FNOF E&M Investment Limited and Silkwings Limited of the British Virgin Islands.
Power distribution product producer Jinpan International has agreed to merge with a firm in the Virgin Islands.
Photo Credit: jinpaninternational.comWhen the merger is completed, each of the Company's common shares issued and outstanding will be sold for $6 each.
The merger, if approved is expected to close in the first half of the year.
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