More information here:
http://www.odt.co.nz/news/business/1...a-manufacturer
"Scott is buying into Teknatool International Ltd's Qingdao-based subsidiary and manufacturing company, Qingdao Teknatool Machinery Manufacturing Co Ltd, which specialises in lathe technology and energy-efficient motor manufacturing, for $975,000."
"Mr Hopkins said there may be uses for the motors in Scott's other divisions, in new "local projects" yet to be unveiled, and may possibly have applications in its superconductor division."
It is quite annoying when this sort of information isn't released to the Stock Exchange. Perhaps it was because the purchase price was less than $1m, so not significant?
SNOOPY
P.S. Was in the area on other business , so called into SCT on Maces Road to see how they went in the June quake. The women behind the reception desk said everything was OK. Even though there were port-a-loos on the street, they didn't need them and the workshop was 100%.