# 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.

- Type: Acquisition
- Announced: 2018-11-15
- Where: China
- Value: $134.0M (928.0M CNY)
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Changchun Yidong Clutch](https://endata.com/companies/19232.md) (acquirer)
- [Dahua Machine Manufacturing](https://endata.com/companies/19233.md) (target)
- [Shandong Pengxiang Automobile](https://endata.com/companies/19234.md) (target)

## Sources

- [en.imsilkroad.com](https://en.imsilkroad.com/p/120062.html), 2018-11-16: "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."

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