IKD Co., Ltd. entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million.
June 28, 2022
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IKD Co., Ltd. (SHSE:600933) entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting (Taicang) Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million on June 28, 2022. As per the transaction, FÖHl Beteiligungen Gmbh will sell 43.75% stake and Föhl Asia Pacific Limited will sell 23.75% stake in Föhl Die Casting (Taicang) Co., Ltd. As on December 31, 2021, Föhl Die Casting (Taicang) Co., Ltd. generated total assets of CNY 300 million, net assets of CNY 188.6 million, operating income of CNY 319.9 million and net profit of CNY 34.2 million.
IKD Co Ltd is a China-based company principally engaged in the research, development, production and sale of automotive aluminum alloy precision die-casting parts. The Company's main products include automotive wiper systems, automotive power systems, automotive thermal management systems, automotive steering systems, automotive braking systems and other systems, new energy vehicle three-electric systems, automotive structural parts, automotive intelligent driving systems and other aluminum alloy precision die-casting parts that meet the needs of lightweight, electrified, and intelligent automobiles. The Company mainly operates its businesses in the domestic and overseas markets.
IKD Co., Ltd. entered into equity transfer agreement to acquire 67.5% stake in Föhl Die Casting Co., Ltd. from FÖHl Beteiligungen Gmbh and Föhl Asia Pacific Limited for approximately CNY 300 million.
IKD CO., LTD. 
