Injection molder buys TV station

Processors often talk about spreading their risk. Some ensure no single customer accounts for more than a certain percentage of sales, others spread work to ensure no single end-use market accounts for too much of their revenue; most strive for some combination of the two.   

Then there is Chinese automotive parts molder Wuhan Plastics Industrial Group, which went further afield in a bid to limit its exposure to a single market. The processor, based in Wuhan, has acquired 100% of a local TV station, according to an article at website CapitalVue. The market welcomed the publicly traded processor's move; its stock price jumped 10% today following news of the acquisition.