Lingyi Intelligence has unveiled its intention to acquire a 66.46% stake in Jiangsu Keda, a leading producer of automotive components, for a transaction worth RMB 332 million. The acquisition will be financed through the issuance of convertible corporate bonds and cash payments. Additionally, Lingyi Intelligence plans to raise supporting funds by issuing shares to no more than 35 specific investors.

Jiangsu Keda boasts qualifications as a tier-one supplier to numerous automakers, underscoring its prominent position in the automotive supply chain.