# China Zenix Auto International to be taken private by Newrace Limited

China Zenix Auto International, a commercial vehicle wheel manufacturer, entered into a merger agreement with Newrace Limited, under which Newrace will acquire the company for approximately US$55.755 million in equity value. Shareholders will receive US$0.27 per share.

- Type: Acquisition
- Announced: 2021-10-19
- Where: China
- Value: $55.8M
- Status: announced
- Products: commercial vehicle wheels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [China Zenix Auto International Limited](https://endata.com/companies/58522.md) (target)
- [Newrace Limited](https://endata.com/companies/58523.md) (acquirer)

## Sources

- [zenixauto.investorroom.com](https://zenixauto.investorroom.com/2021-10-19-Zenix-Enters-into-Definitive-Agreement-for-Going-Private-Transaction), 2021-10-19: "Zenix Enters into Definitive Agreement for 'Going Private' Transaction"

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