◂ Announcements

Jul 2, 2018ACQUISITIONChina

Sanhua Holding to acquire Ningbo Fuerda Smartech and Shanghai Fuyulong Car Tech for CNY 2B

Sanhua Holding Group agreed to acquire Ningbo Fuerda Smartech Co., Ltd. and Shanghai Fuyulong Car Technology Co., Ltd. from Beijing WKW Automotive Parts for CNY 2 billion. The deal includes a 70% first installment payment upon signing.

Value

$300.0M (2.00B CNY)

Status

Announced

Productsautomotive partscar technology

CompaniesSanhua Holding Group acquirer Beijing WKW Automotive Parts target Ningbo Fuerda Smartech target Shanghai Fuyulong Car Technology target

Sectors#Automotive Components

“Sanhua Holding Group Co., Ltd. agreed to acquire Ningbo Fuerda Smartech Co., Ltd. and Shanghai Fuyulong Car Technology Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd. for CNY 2 billion.”marketscreener.com

1 source
marketscreener.comSanhua Holding Group Co., Ltd. agreed to acquire Ningbo Fuerda Smartech Co., Ltd. and Shanghai Fuyulong Car Technology Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd. for CNY 2 billion.MarketScreenerJul 1, 2018

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

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