Zhitong Finance App News, Huaxiang Co., Ltd. (603112.SH) announced that the company plans to establish a joint venture with Huayu Automotive Systems (Shanghai) Co., Ltd. (“Huayu Shanghai”) to jointly develop the advantages of Huayu Shanghai and Huaxiang Co., Ltd., to promote the quality, cost reduction and efficiency of the joint venture, and actively expand domestic and foreign supporting markets for auto parts products and related assemblies. Huayu Shanghai invested 184 million yuan at the price of 100% of its shares in Shengdeman Shanxi; Huaxiang Co., Ltd. invested 429 million yuan in currency, with a total investment scale of about 613 million yuan. Among them, Huayu Shanghai plans to account for 30% of the shares, and Huaxiang Co., Ltd. plans to account for 70% of the shares.

Zhitongcaijing · 09/29 08:33
Zhitong Finance App News, Huaxiang Co., Ltd. (603112.SH) announced that the company plans to establish a joint venture with Huayu Automotive Systems (Shanghai) Co., Ltd. (“Huayu Shanghai”) to jointly develop the advantages of Huayu Shanghai and Huaxiang Co., Ltd., to promote the quality, cost reduction and efficiency of the joint venture, and actively expand domestic and foreign supporting markets for auto parts products and related assemblies. Huayu Shanghai invested 184 million yuan at the price of 100% of its shares in Shengdeman Shanxi; Huaxiang Co., Ltd. invested 429 million yuan in currency, with a total investment scale of about 613 million yuan. Among them, Huayu Shanghai plans to account for 30% of the shares, and Huaxiang Co., Ltd. plans to account for 70% of the shares.