# 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.

- Type: Acquisition
- Announced: 2018-12-25
- Where: Shanghai, China
- Value: $11.7M (80.7M CNY)
- Status: announced
- Products: automotive safety systems (SBS, IRS, SWS)
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huayu Automotive Systems](https://endata.com/companies/1495.md) (partner)
- [TRW Asia Pacific](https://endata.com/companies/36384.md) (acquirer)
- [Shanghai TRW Automotive Safety Systems](https://endata.com/companies/36385.md) (target)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/saic-owned-huayu-automotive-sells-out-jv-stake-to-focus-on-self-development-70015511), 2018-12-25: "HASCO aims to focus on developing its own automotive safety system business, thus it opts to abandon the joint venture business."

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