Sichuan Fulin Industrial Group Co., Ltd. agreed to acquire 99% stake in Mianyang Wanruier Auto Parts Co., Ltd. from Mianyang Fulin Precision Machining Co., Ltd. for CNY 98 million.
November 25, 2021
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Sichuan Fulin Industrial Group Co., Ltd. agreed to acquire 99% stake in Mianyang Wanruier Auto Parts Co., Ltd. from Mianyang Fulin Precision Machining Co., Ltd. (SZSE:300432) for CNY 98 million on November 26, 2021. he transaction is approved by the Board of Mianyang Fulin Precision Machining Co., Ltd.
Fulin Precision Co Ltd, formerly Mianyang Fulin Precision Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of auto parts and new energy lithium battery cathode materials. The auto parts products include traditional auto engine parts and intelligent electric control products for new energy vehicles, such as precision hydraulic parts, electromagnetic drive precision parts, electronic drive series products, thermal management and power system, vehicle reducer assembly, high Precision gear shaft and housing. The new energy lithium battery cathode material products are mainly lithium iron phosphate cathode materials, which are used in the fields of new energy vehicle power batteries and energy storage.
Sichuan Fulin Industrial Group Co., Ltd. agreed to acquire 99% stake in Mianyang Wanruier Auto Parts Co., Ltd. from Mianyang Fulin Precision Machining Co., Ltd. for CNY 98 million.