Announcement #Huayu Auto intends to sell 27% of Valeo Wiper for 398 million yuan

2021-12-28 01:09:34

Shanghai Securities News China Securities Network News (reporter Confucius Ziyuan) Huayu Automobile announced that its wholly-owned subsidiary Industrial Transportation intends to sell its 27% equity interest in Shanghai Valeo Automotive Motor Wiper System Co., Ltd. (hereinafter referred to as Valeo Wiper) to Valeo International Holdings for 397,955,733.48 yuan. After the completion of this transaction, Industrial Transportation will no longer hold the equity of Valeo Windshield. Valeo Wiper mainly develops and produces automotive wiper systems and related parts, and its main customers are SAIC Volkswagen, SAIC-GM, FAW-Volkswagen, Changan Ford and other vehicle companies.

Announcement #Huayu Auto intends to sell 27% of Valeo Wiper for 398 million yuan

Valeo HUAYU Automotive Equity Wholly owned subsidiary Car

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