China Resources Trust Huaying No. 16 Single Fund Trust, managed by China Resources Shenzhen International Investment Trust Co., Ltd. agreed to acquire 5.5% stake in Zhejiang Wanliyang Co., Ltd. for approximately CNY 790 million.
October 28, 2021
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China Resources Trust Huaying No. 16 Single Fund Trust, managed by China Resources Shenzhen International Investment Trust Co., Ltd. agreed to acquire 5.5% stake in Zhejiang Wanliyang Co., Ltd. (SZSE:002434) for approximately CNY 790 million on October 29, 2021. The transaction is subject to approval from Shenzhen Stock Exchange.
Zhejiang Wanliyang Co., Ltd., formerly ZHEJIANG WANLIYANG TRANSMISSION COMPANY LTD., is a China-based company, principally engaged in the research and development, manufacture and distribution of automotive parts, and financial leasing business. The Company's automotive parts include automotive interior parts, and transmission gearboxes for passenger cars, light trucks, medium-loaded trucks, heavy trucks and agricultural machineries. The Company distributes its products within domestic market and to overseas markets.
China Resources Trust Huaying No. 16 Single Fund Trust, managed by China Resources Shenzhen International Investment Trust Co., Ltd. agreed to acquire 5.5% stake in Zhejiang Wanliyang Co., Ltd. for approximately CNY 790 million.
ZHEJIANG WANLIYANG CO., LTD. 
