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On February 26, 2026, Wuhu Bethel Automotive Safety Systems Co., Ltd. made an announcement detailing its plans to acquire a 50.9727% stake in Yubei Steering Systems (Xinxiang) Co., Ltd., thereby becoming its controlling shareholder. This strategic move is designed to facilitate the integration of technologies and resources from both entities, broaden Bethel's range of products within the automotive safety systems domain, and bolster its competitive edge in the market. The valuation of Yubei Steering is capped at RMB 2.2 billion, with the transaction price set not to exceed RMB 1.121 billion. It's important to note that the acquisition is contingent upon obtaining approval from pertinent government bodies, including anti-monopoly authorities, in line with standard regulatory procedures.
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