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Nov 15, 2018ACQUISITIONChina

Changchun Yidong Clutch to acquire two auto parts makers for RMB 928M

Changchun Yidong Clutch Co., Ltd. announced it will acquire 100% of the shares of Dahua Machine Manufacturing Co., Ltd. and Shandong Pengxiang Automobile Co. Ltd. for a total of 928 million yuan (about $134 million), with 115 million yuan in cash and 813 million yuan in shares.

Value

$134.0M (928.0M CNY)

Status

Announced

Productsauto parts

CompaniesChangchun Yidong Clutch acquirer Dahua Machine Manufacturing target Shandong Pengxiang Automobile target

Sectors#Automotive Components

“Changchun Yidong Clutch Co., Ltd. (600148.SH) will acquire 100 percent of the shares of two auto parts manufacturers, Dahua Machine Manufacturing Co., Ltd. and Shandong Pengxiang Automobile Co. Ltd.”en.imsilkroad.com

1 source
en.imsilkroad.comChangchun Yidong Clutch to acquire two auto parts manufacturers for RMB928 mln - Xinhua Silk RoadNov 16, 2018

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

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