Huazhong In-Vehicle to Boost Stake in Auto Parts Company
A unit of Huazhong In-Vehicle (HKG:6830) agreed to purchase a further 15% equity interest in Ningbo Roekona-Zoeppritex-Tex-Line from Roekona Textilwerk for 4.5 million euros, a Thursday filing with the Hong Kong bourse said.
The target firm is currently 65% owned by buyer Ningbo Huazhong Automotive Decorative Parts Technology, 25% by Roekona Textilwerk and 10% by ZwissTex Germany. Following completion, the purchaser will hold an 80% stake in the target.
Ningbo Roekona-Zoeppritex-Tex-Line engages mainly in the manufacture and sale of auto parts, as well as the design and manufacturing of high-trade textiles.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available