Search
Shengbang Shares has declared that it has entered into an 'Acquisition Framework Agreement' with the WOCO Group, with the intention of purchasing a 60% equity stake in Wuxi Woco through cash payment. This deal is projected to represent a substantial asset restructuring. At present, the transaction is still in the planning phase, and crucial aspects like the final purchase price and detailed terms still necessitate further discussion and finalization. Wuxi Woco is dedicated to the research, development, and manufacturing of rubber and plastic products for automotive interior and exterior trim, along with related assemblies for engines and electric drive motors. The products of both Shengbang Shares and Wuxi Woco find applications in the automotive industry and have the potential to create a mutually beneficial complementarity.
-
C114 Communication Network -
Communication Home
