Jiangsu Asia-Pacific Light Alloy Technology (SHE:002540) subsidiary APALT HK will fully acquire Alunited France and Alunited Denmark for 1.5 million euros.
The acquisition will be followed by a capital injection of 1.5 million euros, according to a Thursday filing with the Shenzhen bourse.
Alunited France specializes in aluminum profiles for automotive safety components, while Alunited Denmark focuses on high-end auto parts.
The move is subject to European Union and Chinese regulatory approvals.
Shares of the aluminum products maker closed 1% lower Thursday.
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