Shanghai Electric Completes Investment in Goss, Becomes Second Largest Shareholder
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CHINA—September 28, 2009—Shanghai Electric (Group) Corp. (SEC) became the second largest shareholder in Goss International Corporation today, completing a transaction initiated in June.
“Shanghai Electric has substantial resources and is focused on world-class industrial equipment manufacturing,” explains Jochen Meissner, CEO of Goss International. “Their investment should send a strong signal to printers and publishers regarding our strength, stability and long-term capacity to deliver value. We look forward to new opportunities to innovate and execute together through our unique worldwide platform that will include significant manufacturing operations in America, Asia and Europe.”
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