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Shinry Technologies (300745.SZ) signed a shareholders' agreement with Lear (Mauritius) to establish a joint venture in Shenzhen, China, named Shenzhen Shinry Lear Electric Control Technology Co., Ltd., to sell automotive parts. The JV has registered capital of USD 2 million, with Shinry contributing 51% and Lear Mauritius 49%.
Jinbei Automobile's subsidiary Shenyang Jinchen Automotive Technology Development has signed a contract to sell 49% of Shenyang Jinbei Adient Automotive Parts to Lear Mauritius for RMB 264 million. The transaction has passed state-owned asset approval but is pending antitrust clearance and other procedures.