# 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.

- Type: Acquisition
- Announced: 2025-09-05
- Where: China
- Value: $1.40M (10.2M CNY)
- Status: announced
- Products: automotive interior parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hengbo Holdings](https://endata.com/companies/87119.md) (acquirer)
- [Anhui Kaizheng Automotive Electronics](https://endata.com/companies/87120.md) (target)

## Sources

- [longbridge.com](https://longbridge.com/news/256127920), 2025-09-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.