# Ningbo Tuopu Group signs LOI to acquire auto parts assets for 451M yuan

Ningbo Tuopu Group Co Ltd signed a letter of intent to acquire auto parts assets for 451 million yuan ($66.64 million).

- Type: Acquisition
- Announced: 2017-07-17
- Where: China
- Value: $66.6M (451.0M CNY)
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ningbo Tuopu](https://endata.com/companies/25321.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/article/business/ningbo-tuopu-group-signs-letter-of-intent-to-acquire-auto-parts-assets-for-451-m-idUSH9N1K400Z/), 2017-07-17: "Ningbo Tuopu Group Co Ltd says it signs letter of intent to acquire auto parts assets for 451 million yuan ($66.64 million)."

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