Luxshare Precision has acquired a majority stake in Leoni for over a month, and restructuring is underway. Leoni CEO Klaus Rinnerberger is optimistic about the future. Although the deal is not yet completed, the CEO expects no prohibitions, with global antitrust approvals in progress and expected to be finalized in the first half of 2025. The Leoni name will be retained, continuing as an international company. In the past, Leoni had strategic shortcomings but has now found Luxshare Precision as a future partner, which is highly regarded by automakers. After signing, a three-day roadshow was conducted, with positive feedback from customers. 💪 Leoni's business prospects in Asia are promising, and it is expected to meet more demands from Chinese customers through Luxshare Precision, potentially doubling sales. The company is still undergoing restructuring, with value creation expected to shift to North Africa, and approximately 4,500 management positions will be reduced. Although the future major shareholder has not committed to securing jobs, the chances of success are greater.