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Fawer completed the acquisition of a 49% stake in a joint venture company for a transaction price of 1 yuan
2025-12-04 /
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Author：小编
On December 3, Fawer announced that the company had successfully completed the purchase of minority shareholder equity in its controlled subsidiary, FAW-Valeo Automotive Air Conditioning Co., Ltd. According to the transaction plan, Fawer acquired a 36.5% stake held by Valeo Thermal Systems and a 12.5% stake held by Itochu Corporation for a transaction price of RMB 1. After the completion of the transaction, FAW-Valeo officially became a wholly-owned subsidiary of Fawer and was renamed as Fawer Huaqi Automotive Thermal Management System (Changchun) Co., Ltd., and also completed the industrial and commercial registration of changes.
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