Apr 13, 2021 04:19 PM (GMT+8) · EqualOcean
Jinbei Automobile announced that the company and Lear (China) Investment Co., Ltd. (hereinafter referred to as Lear) signed the "cooperation framework agreement on the establishment of joint venture between Jinbei and Lear" in Shenyang on April 13, 2021. Jinbei is engaged in the production and sales of auto parts and components in China; Lear is a company engaged in the investment management of its parent company Lear group in China; Jinbei and Lear intend to set up auto parts platform company and two production companies through joint venture to cooperate with brilliance BMW on the seat business; both sides hope to cooperate The framework agreement was reached to explain and document the intention of the parties to form three joint ventures and the proposed transaction.