China: Shanggong Acquire FAG¡¯s Share

As eyewitness, China and Germany government¡¯s leaders attended the intention signing ceremony held in Berlin on 3rd May 2004,in which Shanggong Company Ltd. (China) would purchase DA Corporation¡¯s 94.9% shares that hold by FAG. DA Corporation possesses advanced sewing equipment, wold famous sewing-machine brand and global sales net and its shares traded on the Frankfurter ,Berlin, Duesseldorf stock exchange.The sales in 2003 is around