Wanfeng Auto Wheels to acquire 55% stake in Wanfeng Aircraft
2020-02-26 17:01:29 [Print]
Zhejiang Wanfeng Auto Wheels Co
Founded in 1997, Wanfeng Auto Wheels specialized in automotive aluminum alloy wheel in its early business and now has become a leading company in the fields of aluminum wheel, environmental coating and magnesium alloy.
. ,Ltd . announced on February 24 that it plans to acquire a 55% stake in Wanfeng Aircraft Industry owned by Wanfeng Aviation Industry Co . , Ltd . for 2 . 418 billion yuan (344 million US dollars) . Wanfeng Auto Wheels said the acquisition marks its transition toward manufacturing aircraft and key parts for general aviation industry.Founded in 1997, Wanfeng Auto Wheels specialized in automotive aluminum alloy wheel in its early business and now has become a leading company in the fields of aluminum wheel, environmental coating and magnesium alloy.