# Jinbei Auto to acquire remaining 50% stake in Jinbei Adient for $58M

Jinbei Auto, through its subsidiary Jinchen Auto, plans to acquire the remaining 50% equity of Jinbei Adient from Adient Asia for $58 million, making Jinbei Adient a wholly-owned subsidiary. Jinbei Adient designs and produces automotive seats for models including BMW Brilliance vehicles.

- Type: Acquisition
- Announced: 2021-03-08
- Where: China
- Value: $58.0M
- Status: announced
- Products: automotive seats
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Jinbei Auto](https://endata.com/companies/53679.md) (acquirer)
- [Jinbei Adient](https://endata.com/companies/53680.md) (target)
- [Adient Asia](https://endata.com/companies/53681.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/423376.html), 2021-03-08: "本次交易完成后，金杯安道拓将成为上市公司100%持有的全资子公司。"

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