Lear offers $89.3M to buy out Huayu's stake in Shanghai auto parts JV

Lear Corporation offered to pay CNY626 million (USD89.3 million) to acquire Huayu Automotive Systems' 45% stake in Shanghai Lear STEC Automotive Parts, a joint venture producing automotive wiring harnesses.

“Lear holds 55 percent equity in Shanghai Lear STEC Automotive Parts, which was set up in 2003, and Huayu Automotive Systems holds the rest.”yicaiglobal.com

• 1 source
• yicaiglobal.comUS’ Lear Offers USD89.3 Million to Buy Out Chinese Partner of Auto Parts JVTang ShihuaJul 7, 2020

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