Bethel: Plans to acquire a 50.97% stake in Yubei Zhuanxiang for up to 1.121 billion yuan

NightAirdropper · 2026-03-10T09:24:08+00:00

Bethel plans to acquire a 50.9727% stake in Yubei Steering System, with a total transaction price of no more than 1.121 billion yuan, becoming its controlling shareholder. The acquisition requires approval from relevant government agencies.

NightAirdropper

2026-03-10 09:24:08

Abstract generation in progress

Bethel announced on March 9th that the company plans to jointly sign the “Share Transfer Agreement for the Acquisition of Controlling Equity of Yubei Steering System (Xinxiang) Co., Ltd.” with Junhong Industrial Co., Ltd., Ningbo Fengyuan Equity Investment Partnership (Limited Partnership), Hefei Huaxin Cloud Investment Partnership (Limited Partnership), Hefei Chantuo High-Growth No. 1 Equity Investment Partnership (Limited Partnership), and other related parties. The total acquisition will involve purchasing 50.9727% of the shares of Yubei Steering System (Xinxiang) Co., Ltd. (hereinafter referred to as “Yubei Steering”). The valuation of Yubei Steering is estimated not to exceed 2.2 billion yuan, and the transaction price will not exceed 1.121 billion yuan. According to the agreement, after the completion of this acquisition, the company will become the controlling shareholder of Yubei Steering, which will be included in the company’s consolidated financial statements. This acquisition is subject to approval from antitrust authorities and other relevant government agencies.

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