Huayu Automotive's subsidiary plans to acquire 10.96% stake in Lianchuang Electronics for 320 million yuan via public bidding

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Huayu Automotive announced that its wholly owned subsidiary Shanghai Huizhong plans to acquire the 10.9569% stake in Lianchuang Electronics held by the Green Fund through public bidding, with a listing base price of 320 million yuan. After the transaction is completed, Shanghai Huizhong's shareholding in Lianchuang Electronics will increase to 16.25%. Since Lianchuang Electronics is an enterprise indirectly controlled by SAIC Motor, the controlling shareholder of Huayu Automotive, this transaction constitutes a related-party transaction.

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HUAYU Automotive Systems Co Ltd
600741
▲ PositiveCapitalrelevance

Huayu's wholly owned subsidiary Shanghai Huizhong plans to acquire an additional 10.96% stake in Lianchuang Electronics for 320 million yuan, raising its holding to 16.25%.

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国家绿色发展基金股份有限公司i
Private± Mixedrelevance

The Green Fund is only identified as the seller of the 10.9569% Lianchuang stake via public bidding; no clear directional impact stated.