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On the evening of March 12, Huayu Automobile announced that its wholly-owned subsidiary Yanfeng Motor and Adient reached an agreement on five transactions including related shares and other related assets of Yanfeng Adient Seating Co.
,
Ltd.
Keibo Seat is mainly engaged in the research and development of key components such as seat recliners, and is a core seat component supplier.
This change has little impact on the overall sales revenue and profitability of HASCO; The 70% equity of Yanfeng Adient Fangde Motor Co.
, Ltd.
and the 75% equity of Nantong Yanfeng Adient Seat Cover Co.
, Ltd.
held by Yanfeng Adient are planned to be transferred to Kaibo Seating Machinery Parts Co.
, Ltd.
, a holding subsidiary of Yanfeng Company; Yanfeng Company and Keibo Seat will also acquire the minority stakes in Guangzhou Dongfeng Adient, Hefei Yunhe Adient, and Nantong Yanfeng Adient Seat Cover Co.
, Ltd.
directly held by Yanfeng Adient, which are directly held by Adient Asia Pacific.
Will pay 385 million yuan to get Adient's global car seatsA perpetual license to use intellectual property related to the product
.
car seatcar seat
Orient Securities believes that after Yanfeng Auto completes a number of acquisitions, including the acquisition of 49.
99% equity of Yanfeng Adient, it will further promote the implementation of the company's "zero-level, neutral, and international" strategy
.
In addition, in China, Yanfeng Adient has formed an independent and complete car seat R&D and manufacturing system, and has a good vehicle customer group; overseas, the wholly-owned car seat business independently developed by Yanfeng Company has also achieved An important breakthrough, through the establishment of production bases in Serbia, Mexico, etc.
, to provide relevant support for global platform models of vehicle customers such as BMW and Mazda
.
