Shanghai Carthane Co.,Ltd. completed the acquisition of Pukema Auto Parts Co., Ltd. from Plastic Components and Modules Automotive SpA for CNY 10.2 million.
August 01, 2022
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Shanghai Carthane Co.,Ltd. (SHSE:603037) entered into a letter of intent to acquire Pukema Auto Parts (Guangzhou) Co., Ltd. from Plastic Components and Modules Automotive SpA for CNY 13.49 million on April 14, 2022. Within 10 days of the agreement, 60% of the consideration shall be settled, the remaining 40% of the consideration shall be settled within 120 days of completion. As of January 31, 2022, Pukema had total assets of CNY 18.75 million and net assets of CNY 14.81 million. The transaction has been approved by the board of Shanghai Carthane Co.,Ltd.
Shanghai Carthane Co.,Ltd. (SHSE:603037) completed the acquisition of Pukema Auto Parts (Guangzhou) Co., Ltd. from Plastic Components and Modules Automotive SpA for CNY 10.2 million on August 2, 2022.
Shanghai Carthane Co., Ltd. is principally engaged in design, research and development, manufacture and sales of suspension damping internal components, pedal assemblies and plastic core-rubber-tires. Suspension damping internal components include buffers, spring cushion s, damping support blocks, and dust covers. Pedal assemblies mainly include plastic pedal assemblies. Plastic core-rubber-tires include automobile assembly lines and polyurethane tires applied in electric fork-lift trucks.
Shanghai Carthane Co.,Ltd. completed the acquisition of Pukema Auto Parts Co., Ltd. from Plastic Components and Modules Automotive SpA for CNY 10.2 million.
SHANGHAI CARTHANE CO.,LTD. 
