Zhejiang Sanhua Intelligent Controls Co., Ltd. completed acquisition of Tianjin WKW Auto Parts Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd..
November 10, 2018
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Zhejiang Sanhua Intelligent Controls Co., Ltd. (SZSE:002050) agreed to acquire Tianjin WKW Auto Parts Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd. (SZSE:002662) for approximately CNY 150 million on October 8, 2018. Zhejiang Sanhua Intelligent Controls signed an Equity Transfer Agreement to acquire Tianjin WKW Auto Parts Co., Ltd. from Beijing WKW Automotive Parts on October 10, 2018. The transaction is approved at the 34th meeting of the 4th directorate of Beijing WKW Automotive Parts.
Zhejiang Sanhua Intelligent Controls Co., Ltd. (SZSE:002050) completed acquisition of Tianjin WKW Auto Parts Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd. (SZSE:002662) on November 10, 2018.
Beijing WKW Automotive Parts Co.,Ltd. is a China-based company principally engaged in the research, development, manufacture and distribution of middle- and high-end auto parts. The Companyâs main products include automotive internal and external decoration products, key functional parts and intelligent electronic integration control systems, among others. The Company also provides design and development services, as well as integrated matching solutions.