HASCO sells 50% stake in Shanghai TRW to TRW Asia for RMB80.71 million

HUAYU Automotive Systems (HASCO) plans to sell its 50% stake in Shanghai TRW Automotive Safety Systems to TRW Asia Pacific for RMB80.71 million, to focus on developing its own automotive safety system business.

“HASCO aims to focus on developing its own automotive safety system business, thus it opts to abandon the joint venture business.”autonews.gasgoo.com

• 1 source
• autonews.gasgoo.comSAIC-owned HUAYU Automotive sells out JV stake to focus on self-development | GasgooMollyDec 25, 2018

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