Wescast Announces Closing of Acquisition by Bohong
Wescast Industries Inc. (WCS-A.TO) announced the successful completion of the previously-announced plan of arrangement pursuant to which Sichuan Bohong Industry Co., Ltd., through its wholly-owned subsidiary, acquired all of the issued and outstanding capital of Wescast. As a result, Wescast is now an indirect wholly-owned subsidiary of Bohong.
The shares of Wescast are expected to be delisted from the Toronto Stock Exchange at the close of business on March 28, 2013.
WCS shares were up eight cents to $10.98.
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