Changchun FAWAY Group Automobile Components Co.,LtdSSE: 600742

(600742)"CHANGCHUN FAWAY GROUP AUTOMOBILE COMPONENTS CO., LTD."Announcement on Acquisition of 100% Equity Interest in Changchun FAWAY Adient Automotive Metal Components Co., Ltd. by Controlled Subsidiary

· Issued by Changchun FAWAY Group Automobile Components Co.,Ltd via Shanghai Stock Exchange

Filed with SSE · Stock code 600742 · · 14 pages · Chinese

Summary by 6ix AI

The total transaction amount for this acquisition is reported to be significant, with the subsidiary paying equal shares to both selling parties. This acquisition aims to enhance the company's competitive edge by integrating its seat technology and business operations. The transaction has been approved by the company's board and does not require shareholder approval as per relevant regulations.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/600742changchun-faway-group-automobile-components-co-ltdannouncement-on-acquisition-of-100percent-equity-interest-in-changchun-faway-adient-automotive-metal-components-co-ltd-by-controlled-subsidiary

Release

Announcement on Acquisition of 100% Equity Interest in Changchun FAWAY Adient Automotive Metal Components Co., Ltd. by Controlled Subsidiary

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

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Changchun FAWAY Group Automobile Components Co.,Ltd on 6ix

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