# Sumitomo Riko to acquire additional 20% stake in Donghai TIP Auto Parts

Sumitomo Riko Company Limited agreed to acquire an additional 20% stake in Donghai TIP Auto Parts (Shanghai) Co., Ltd. from Shanghai TIP Auto Parts Co., Ltd. for CNY 15.8 million, increasing its ownership to 80%.

- Type: Acquisition
- Announced: 2022-08-18
- Where: Shanghai, China
- Value: $2.33M (15.8M CNY)
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sumitomo Riko](https://endata.com/companies/16891.md) (acquirer)
- [Shanghai TIP Auto Parts Co., Ltd.](https://endata.com/companies/64798.md) (target)
- [Donghai TIP Auto Parts (Shanghai) Co., Ltd.](https://endata.com/companies/64799.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SUMITOMO-RIKO-COMPANY-LIM-6493390/news/Sumitomo-Riko-Company-Limited-agreed-to-acquire-additional-20-stake-in-Donghai-TIP-Auto-Parts-Co--41523797/), 2022-08-18: "Sumitomo Riko Company Limited agreed to acquire additional 20% stake in Donghai TIP Auto Parts (Shanghai) Co., Ltd. from Shanghai TIP Auto Parts Co., Ltd. for CNY 15.8 million on August 19, 2022."

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