VVP Vermögensverwaltung Plettenberg GmbH & Co. KG

Zhejiang Shuanghuan Driveline Machinery Co., Ltd. acquired an 81% stake in German gearbox and auto component manufacturers Schmiedetechnik Plettenberg GmbH & Co. KG and Werkzeugtechnik Plettenberg GmbH & Co. KG from VVP Vermögensverwaltung Plettenberg GmbH & Co. KG.

Zhejiang Shuanghuan Driveline signed a letter of intent to purchase 81% of shares in STP Group (STP Schmiedetechnik Plettenberg) from VVP Vermögensverwaltung Plettenberg GmbH & Co. KG.