News Kaba buys remaining 20% stake in Wah Yuet Group Rümlang, 17 November 2008 – Kaba has purchased the remaining 20% stake in the Wah Yuet Group of China. Having acquired an 80% stake in 2006, this means that Kaba Holding AG is now the 100% owner of the Wah Yuet Group. The parties involved have agreed not to disclose the price paid. Based in Taishan City (Guangdong Province) the Wah Yuet Group operates on a site of 280,000 m2 and employs around 3,500 people. Wah Yuet's product portfolio covers a wide range of high-quality mechanical cylinder locks, keys and key blanks. |