Ningbo Joyson Electronic (HKG:0699, SHA:600699) will acquire an additional 12.4% equity in Anhui Joyson Auto Safety Systems Holdings for 2.52 billion yuan, according to a Hong Kong bourse filing on Monday.
The Chinese automotive electronics supplier's Hong Kong shares slipped less than 1% during Tuesday morning trade.
The stake will be purchased from Future Industry Investment Fund (Limited Partnership).
After the transaction, Joyson's shareholding in the automotive components manufacturer will rise to 69.5% from 57.1%, and Future Industry Fund will no longer hold any stake in Anhui Joyson.
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