# Zhengdao Group to acquire Best Knob International for HKD 392M

Zhengdao Group agreed to acquire Best Knob International, which holds 80% of Hanxilong, a Chinese automotive parts manufacturer, for HKD 392 million. The agreement was announced on October 17, 2022, with the initial agreement dated August 28, 2022.

- Type: Acquisition
- Announced: 2022-10-17
- Where: Shanghai, China
- Value: $50.0M (392.0M HKD)
- Status: announced
- Products: transmissions, drivetrain systems, automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhengdao Group](https://endata.com/companies/65829.md) (acquirer)
- [Best Knob International](https://endata.com/companies/65830.md) (target)
- [Hanxilong](https://endata.com/companies/65831.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/806989.html), 2022-10-17: "正道集团(01188)发布公告，于2022年8月28日，公司拟向卖方(Best Knob International Limited及畅达国际有限公司)收购目标公司(Best Knob International Limited)全部已发行股份，代价为3.92亿港元。"

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