# Ajin Industrial to acquire 50% stake in Chinese JV with Dongfeng Industrial

Ajin Industrial announced it will acquire a 50% stake in a joint venture with Dongfeng Industrial, tentatively named Dongfeng Ajin (Jiangsu) Auto Parts, for 3 billion won (US$2.69 million).

- Type: Acquisition
- Announced: 2018-07-04
- Where: Jiangsu, China
- Value: $2.69M (3.00B KRW)
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dongfeng Industrial](https://endata.com/companies/29744.md) (partner)
- [Ajin Industrial](https://endata.com/companies/32931.md) (acquirer)

## Sources

- [theinvestor.co.kr](https://www.theinvestor.co.kr/article/1716684), 2018-07-04: "Ajin Industrial announced on July 4 that it has decided to acquire 50 percent stake in a joint venture with Dongfeng Industrial tentatively named Dongfeng Ajin (Jiangsu) Auto Parts at 3 billion won"

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