Hengbo Holdings plans to indirectly invest in Kaizheng Automotive to explore new growth points
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Hengbo Holdings announced plans to establish a joint venture company, Jiangsu Hengbo Kaizheng Automotive Electronics Co., Ltd., with Anhui Kaizheng Venture Capital Partnership. Hengbo Holdings will invest 10.2 million yuan for a 51% stake, while Kaizheng Partnership will invest 9.8 million yuan for a 49% stake. The joint venture will acquire 100% equity of Kaizheng Automotive, enter the automotive interior parts sector, expand the industrial value chain, and explore new market growth points
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