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HUAYU Automotive Systems Co Ltd to Acquire Equity Shares of Shanghai-based Company from Subsidiary of Visteon Corporation

Tuesday, 13 Aug 2013 08:00pm EDT 

HUAYU Automotive Systems Co Ltd announced that it will acquire a 50% stake in a Shanghai-based company, which engages in the automotive interior systems, exterior systems, seating systems, electronic systems and security systems business, from Visteon Corporation's wholly owned subsidiary, VIHI, LLC, for USD 928.4 million in total. As a result, HUAYU Automotive Systems will hold a 100% stake in the Shanghai-based company. 

Company Quote

2.01 +1.95%
12:15pm EST