WINBO-Dongjian Automotive Technology Co., Ltd. signed an agreement to acquire Guangdong Vieja Auto Parts Manufacturing Co., Ltd. from Xinyu Yingchuang Investment Management Partnership Enterprise (Limited Partnership), Xinyu Jusheng Investment Management Partnership Enterprise (Limited Partnership) and Xinyu Hongguan Investment Management Partnership Enterprise (Limited Partnership) for CNY 190 million.
November 16, 2021
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WINBO-Dongjian Automotive Technology Co., Ltd. (SZSE:300978) signed an agreement to acquire Guangdong Vieja Auto Parts Manufacturing Co., Ltd. from Xinyu Yingchuang Investment Management Partnership Enterprise (Limited Partnership), Xinyu Jusheng Investment Management Partnership Enterprise (Limited Partnership) and Xinyu Hongguan Investment Management Partnership Enterprise (Limited Partnership) for CNY 190 million on November 15, 2021. The transaction has been approved by the board of directors of WINBO-Dongjian Automotive Technology. As of August 31, 2021, Vieja Auto had total assets of CNY 40.9 million and net assets of CNY 8 million.
WINBO-Dongjian Automotive Technology Co Ltd is a China-based company mainly engaged in the production and service of automobile electric and intelligent products and automobile exterior accessories. The Company's main products include side loading decoration system products, including side bars and pedals; vehicle front and rear protection system products, including front and rear bumpers, pickup trunk anti-roll racks and pump handles; on-board interconnected intelligent electromechanical system products, including smart tailgates systems, vehicle-mounted smart air purifiers and smart folding rearview mirrors; roof loading system products and other vehicle systems products, including luggage racks and others. The Company's products are widely used in sport utility vehicles, sedans, multipurpose vehicles, off-road vehicles, pickups, and other types of vehicles. The Company distributes its products and services within the domestic market and to overseas markets.