Hengbo Holdings to acquire Kaizheng Automotive via joint venture

Hengbo Holdings plans to establish a joint venture with Anhui Kaizheng Venture Capital Partnership, investing RMB 10.2 million for a 51% stake. The joint venture will then acquire 100% equity of Kaizheng Automotive to enter the automotive interior parts sector.

“Hengbo Holdings will invest 10.2 million yuan for a 51% stake, while Kaizheng Partnership will invest 9.8 million yuan for a 49% stake.”longbridge.com

• 1 source
• longbridge.comHengbo Holdings plans to indirectly invest in Kaizheng Automotive to explore new growth points | LongbridgeZhitongSep 5, 2025

Summarized from public sources; check the original articles before acting on it.