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Ruixin Technology Eyes 51% Stake in Deheng Equipment to Bolster Auto Parts Manufacturing
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Ruixin Technology Eyes 51% Stake in Deheng Equipment to Bolster Auto Parts Manufacturing
Tianjin Ruixin Chang Technology Co., Ltd. (Ruixin Technology) has announced plans to acquire a 51% equity stake in Wuhu Deheng Automotive Equipment Co., Ltd. (Deheng Equipment). This strategic move, financed through a mix of share issuance and cash, aims to strengthen Ruixin Technology’s position in the rapidly evolving automotive supply chain, particularly within the new energy vehicle sector. The acquisition is expected to accelerate consolida…
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