Bohai Automobile Announces Plan to Acquire Equity in BAIC Mould & Plastic and Other Firms; Trading Suspension for Up to 10 Days
2025-05-30 / Read about 0 minute
Author:小编   

On May 30, Bohai Automobile unveiled its intention to acquire, via share issuance and cash transactions, controlling stakes in several key enterprises. Specifically, it aims to secure a 51% equity interest in BAIC Mould & Plastic Technology, Hainachuan Adient (Langfang) Seats, and Langfang Leoni Wiring Systems, as well as a full 100% stake in Inalfa Intelligent Connectivity Technology (Beijing). All these equity holdings are currently managed by Beijing Hainachuan Automotive Components Co., Ltd. Furthermore, Bohai Automobile plans to issue shares to no more than 35 specific investors to secure additional funding in support of this transaction. Given the size and nature of the deal, which is anticipated to qualify as a significant asset restructuring and related-party transaction, trading in Bohai Automobile shares will be temporarily suspended from June 3, 2025, with an anticipated suspension period not exceeding 10 trading days.