Haoneng shares: plans to acquire the remaining 49% equity of Chongqing Haoneng for 90.7527 million yuan

Haoneng Xingfu is a manufacturer and seller of automotive synchronizers. The company is based on the research and development of automotive synchronizers for mid-to-high-end cars, and conducts synchronous development with FAW Technology Center, Qingshan Technology Center and other main engine factories; at the same time, it cooperates with Austrian HOFER Engineering Company to jointly develop and design Premium sedan car synchronizer. Recently, Haoneng shares planned to acquire a 49% stake in Chongqing Haoneng for 90.7527 million yuan. After the completion of this transaction, Chongqing Haoneng will become a wholly-owned subsidiary of the company.

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