Hong Kong-based Yip’s Chemical Holdings Limited has acquired a minority interest (27.8%) in Chinese car maintenance chain Damai for CNY21.52 million (USD3.1 million). Currently, Damai has 30 shops across China, which is expected to grow to 1,000 shops within three years. Yip’s Chemical’s investment in Damai allows the company’s lubricants business to tap into China’s […]