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FAWER Automotive Parts Limited Company entered into a share transfer agreement to acquire an additional 36.5% stake in Faw-Valeo Climate Control Systems Co., Ltd. from Valeo Systèmes Thermiques for CNY 1 on September 28, 2025. It also agreed to acquire a 12.5% stake from ITOCHU Corporation, resulting in 100% ownership.
“After the completion of this equity transactions, FAW-Valeo will be renamed FAW Huaqi Automotive Thermal Management System (Changchun) Co., Ltd and FAWER Automotive Parts Limited will hold 100% of target stake.”marketscreener.com
Summarized from public sources; check the original articles before acting on it.