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On April 28, Bohai Automotive announced that it had received approval from the Shanghai Stock Exchange to restart the review process for its proposed issuance of shares and cash payment plan. This plan is aimed at acquiring a 51% stake in Beijing BAIC Mould & Plastic Technology Co., Ltd., a 51% stake in Hainachuan Adient (Langfang) Seating Co., Ltd., and a 50% stake in Langfang LEONI Wiring Systems Co., Ltd. All these stakes are currently held by Beijing Hainachuan Automotive Parts Co., Ltd. Additionally, the plan includes raising supporting funds. However, it's important to note that the transaction still necessitates further approval from the Shanghai Stock Exchange and must obtain registration consent from the China Securities Regulatory Commission before it can be put into effect.
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