Ningbo Tuopu Group Co.,Ltd. completed the acquisition of Wuhu Changpeng Auto Parts Co., Ltd. from Wuhu Chery Technology Co. Ltd., Anhui Yuesu Automotive Industrial Co.,Ltd and Anhui Yuanxiang Investment Management Partnership (Limited Partnership).
Ningbo Tuopu Group Co.,Ltd. (SHSE:601689) agreed to acquire Wuhu Changpeng Auto Parts Co., Ltd. from Wuhu Chery Technology Co. Ltd., Anhui Yuesu Automotive Industrial Co.,Ltd and Anhui Yuanxiang Investment Management Partnership (Limited Partnership) for CNY 330 million on January 3, 2025. A cash consideration of CNY 330 million will be paid by Ningbo Tuopu Group Co.,Ltd. As part of consideration, CNY 330 million is paid towards common equity of Wuhu Changpeng Auto Parts Co., Ltd.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.
Ningbo Tuopu Group Co.,Ltd. (SHSE:601689) completed the acquisition of Wuhu Changpeng Auto Parts Co., Ltd. from Wuhu Chery Technology Co. Ltd., Anhui Yuesu Automotive Industrial Co.,Ltd and Anhui Yuanxiang Investment Management Partnership (Limited Partnership) on May 12, 2025.
Ningbo Tuopu Group Co Ltd is a China-based company mainly engaged in the research and development, production and sales of automotive parts. The Company's main products include automotive noise,vibrationharshness (NVH) damping systems, interior and exterior decoration systems, lightweight bodies, intelligent cockpit components, thermal management systems, chassis systems, air suspension, and intelligent driving systems. The Company's products are sold to domestic and foreign markets.
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Ningbo Tuopu Group Co.,Ltd. completed the acquisition of Wuhu Changpeng Auto Parts Co., Ltd. from Wuhu Chery Technology Co. Ltd., Anhui Yuesu Automotive Industrial Co.,Ltd and Anhui Yuanxiang Investment Management Partnership (Limited Partnership).
