Chongqing Machinery & Electric to Sell Majority Stake in Auto Unit to Silian
Chongqing Machinery & Electric plans to transfer a 51% holding in Chongqing CAFF to Silian Group for RMB89.7916 million.
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what happened
Newsmetry API reports that Chongqing Machinery & Electric Co Ltd plans to transfer a 51% holding in Chongqing CAFF Automotive Braking & Steering Systems to Silian Group.
The agreed consideration for the transaction is RMB89.7916 million.
why it matters
The transaction will alter ownership of Chongqing CAFF Automotive Braking & Steering Systems, while the disclosed consideration provides a reference point for valuing the transferred stake.
instruments
sources
- Chongqing Machinery & Electric Says To Transfer 51% Equity Interest In Unit To Silian Group — Newsmetry API, 12 October 2026 at 15:26 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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