Liaoning Huasheng Auto Parts Co., Ltd. agreed to acquire 11.7% stake in Shanghai Shenhua Holdings Co., Ltd. from Huachen Automotive Group Holding Co.,Ltd. for nil consideration.
June 08, 2020
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Liaoning Huasheng Auto Parts Co., Ltd. agreed to acquire 11.7% stake in Shanghai Shenhua Holdings Co., Ltd. (SHSE:600653) from Huachen Automotive Group Holding Co.,Ltd. for nil consideration on June 5, 2020. Huachen Automotive Group Holding Co.,Ltd. will sell 227.4 million shares.
Liaoning Shenhua Holdings Co Ltd, formerly Shanghai Shenhua Holdings Co., Ltd., is a China based company principally engaged in auto sales business. The Company operates its business through four segments. The Automotive Consumer Services segment is engaged in the auto cultural industrial park, auto sales services, car rental business and special vehicle manufacture and sales business. The New Energy segment is principally engaged in wind farm operation and electricity sales business. The Real Estate segment is mainly engaged in the development, sales and leasing of real estate. The Financial segment is mainly engaged in financial leasing business. The Company operates its business in domestic market and overseas markets.
Liaoning Huasheng Auto Parts Co., Ltd. agreed to acquire 11.7% stake in Shanghai Shenhua Holdings Co., Ltd. from Huachen Automotive Group Holding Co.,Ltd. for nil consideration.
LIAONING SHENHUA HOLDINGS CO.,LTD 
