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Zhejiang Wanfeng Auto Wheel Completes Purchase of 28% Stake in Aircraft Maker

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Zhejiang Wanfeng Auto Wheel (SHE:002085) completed the purchase of a 28.05% stake in Wanfeng Aircraft Industry from Qingdao Wansheng Chengfeng Equity Investment Partnership through bidding, according to a Saturday filing with the Shenzhen bourse.

The company won the bid for the stake at 2.01 billion yuan.

Jinshi Haohang (Qingdao) Equity Investment Partnership won the bid for the remaining 6.95% stake at 497.2 million yuan.

Following the purchase, the company now holds 83.05% of the aircraft maker.

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