BWI International (02339) saw its stock price surge over 13% during the trading session, following a significant jump of more than 49% upon its resumption of trading yesterday. As of the latest update, the share price has risen by 11.96%, currently trading at HK$7.49, with a turnover of HK$54.216 million.
BWI International recently announced that its controlling shareholder, BWI Group, has entered into a sale and purchase agreement with Luxshare Precision Industry Co., Ltd. Under the agreement, Luxshare Precision conditionally agrees to acquire the entire equity interest of BWI Group. BWI Group, through its wholly-owned subsidiary, holds approximately 59.50% of the total issued shares of BWI International. Upon completion of the transaction, Luxshare Precision will indirectly hold a 59.50% stake in BWI International and become its ultimate controlling shareholder. It is reported that BWI Group is a global Tier 1 supplier of automotive suspension and braking systems, inheriting Delphi's century-long technological expertise and maintaining a deep presence across the major automotive production regions of China, Europe, and the United States.
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