# Zenix shareholders approve merger with Newrace Limited

Shareholders of China Zenix Auto International approved a merger agreement dated October 19, 2021, under which Newrace Limited will acquire the company, making it a private subsidiary.

- Type: Acquisition
- Announced: 2022-01-21
- Where: China
- 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

- [prnewswire.com](https://www.prnewswire.com/news-releases/zenix-announces-shareholders-approval-of-merger-agreement-301465524.html), 2022-01-21: "The Company's shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger."

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