# Shengtak New Material to acquire additional 17% stake in Jiangsu Rovma Auto Parts for CNY 74.8M

Shengtak New Material Co., Ltd agreed to acquire an additional 17% stake in Jiangsu Rovma Auto Parts Co., Ltd. for CNY 74.8 million on October 28, 2024.

- Type: Acquisition
- Announced: 2024-10-28
- Where: China
- Value: $10.5M (74.8M CNY)
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shengtak New Material Co., Ltd](https://endata.com/companies/80732.md) (acquirer)
- [Jiangsu Rovma Auto Parts Co., Ltd](https://endata.com/companies/80733.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SHENGTAK-NEW-MATERIAL-CO--119082541/news/Shengtak-New-Material-Co-Ltd-agreed-to-acquire-an-additional-17-stake-in-Jiangsu-Rovma-Auto-Parts-48230109/), 2024-10-28: "Shengtak New Material Co., Ltd agreed to acquire an additional 17% stake in Jiangsu Rovma Auto Parts Co., Ltd. for CNY 74.8 million."

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