SORL Auto Parts Inc: SORL Auto Parts, Inc. Signs Letter of Intent for $20 Million Supply Contract
2nd Nov 2005, 19:15 GMT
ZHEJIANG, CHINA (MARKET WIRE) S ORL Auto Parts, Inc. (OTC BB: SAUP), a manufacturer and distributor of automotive air brake valves and hydraulic brake valves primarily for the commercial vehicle market, announced today that it has signed a Letter of Intent with Shanghai Huizhong Automotive Manufacturing Co., Ltd. ("SHAC"), a major manufacturer of commercial vehicle and car chassis systems. Under the terms of the Letter of Intent, SHAC will purchase from < a
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