# DAE-IL Corporation to acquire 50.71% stake in Daeil Automotive Parts (Zhangjiagang)

DAE-IL Corporation agreed to acquire a 50.71% stake in Daeil Automotive Parts (Zhangjiagang) Co., Ltd. from DAEILINNOTECH Corporation. The transaction is expected to close on June 22, 2023.

- Type: Acquisition
- Announced: 2023-06-20
- Where: Zhangjiagang, China, China
- Status: announced
- Products: automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [DAE-IL Corporation](https://endata.com/companies/33282.md) (acquirer)
- [DAEILINNOTECH Corporation](https://endata.com/companies/70948.md) (partner)
- [Daeil Automotive Parts (Zhangjiagang) Co., Ltd.](https://endata.com/companies/70949.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/DAE-IL-CORPORATION-6500802/news/DAE-IL-Corporation-agreed-to-acquire-50-71-stake-in-Daeil-Automotive-Parts-Zhangjiagang-Co-Ltd-44318067/), 2023-06-20: "DAE-IL Corporation agreed to acquire 50.71% stake in Daeil Automotive Parts (Zhangjiagang) Co., Ltd. from DAEILINNOTECH Corporation."

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