Shandong Liancheng Precision Manufacturing Co., Ltd (SZSE:002921) agreed to acquire Shandong Samkee Auto Parts Co., Ltd. from Samkee Automotive Co., Ltd. (KOSDAQ:A122350) for CNY 75.89 million on March 13, 2023. Shandong Samkee Auto Parts Co., Ltd. reported financial for the year ended December 31, 2022, total assets of CNY 209.43 million, net assets CNY 170.69 million, operating income CNY 233.99 million, and net income CNY -80.13 million. Shandong Liancheng Precision Manufacturing board of directors approved the transaction.

The transaction is expected to close on April 28, 2024.