Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. completed the acquisition of 60% stake in Chongqing Pulaien Zhongli Auto Parts Co., Ltd. from Chen Feiying, Wang Maoqiang, Chen Zhongquan, Qian Wei, Jiangxi Sanlian Trading Co., Ltd, Yiwu Xinyang Import & Export Co., Ltd. and Chongqing Youyue Zhixing Enterprise Management Co., Ltd.
March 17, 2022
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Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) agreed to acquire 60% stake in Chongqing Pulaien Zhongli Auto Parts Co., Ltd. from Chen Feiying, Wang Maoqiang, Chen Zhongquan, Qian Wei, Jiangxi Sanlian Trading Co., Ltd, Yiwu Xinyang Import & Export Co., Ltd. and Chongqing Youyue Zhixing Enterprise Management Co., Ltd. for CNY 63 million on February 18, 2022. The deal is subject to approval from Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) board. As of February 18, 2022 Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) board approved the deal.
Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. (SHSE:603701) completed the acquisition of 60% stake in Chongqing Pulaien Zhongli Auto Parts Co., Ltd. from Chen Feiying, Wang Maoqiang, Chen Zhongquan, Qian Wei, Jiangxi Sanlian Trading Co., Ltd, Yiwu Xinyang Import & Export Co., Ltd. and Chongqing Youyue Zhixing Enterprise Management Co., Ltd. on March 18, 2022.
Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. is principally engaged in the research and development, manufacture and sales of automotive alternators. It also provides related technology services. The Company is targeted at middle and high market and its customers are mainly from engine plants and automobile plants. The Company's products cover eight series and about 300 major models. Its products are supporting commercial vehicles' engines and a variety of passenger cars, while a small amount of products support engineering machinery, agricultural machinery and other off-road machinery.