On September 20, Great Wall Motor announced in Hong Kong that it would use RMB 195 million to acquire 25% of each of 6 companies including Great Wall Bridge, Changfu, Great, Mande, Jiehua, and Tianqi and Baoding Smart Auto Parts. 50% equity. In addition to the shares already held, after completion of the equity transaction, Great Wall Motor will hold 100% equity interests in Great Wall Bridge, Changfu, Gretel, Mande, Smart, and owns 50% equity of each of Jiehua and Tianqi. It is reported that the main business of the above seven companies is to design, produce and sell automotive components. Great Wall Motors stated that this transaction will enable the Group to obtain sufficient quality-assured auto parts and components, and it will also strengthen the control over the timeliness of upstream supply and total production costs. Cold Rolled Seamless Steel Tube Colled Rolled Seamless Steel Tube,Cold Rolled Seamless Steel Tubing,Astm A53 Seamless Steel Pipe,Api 5L Seamless Steel Pipe Shandong Yuzhong Steel Co.,Ltd. , https://www.cnyzsteel.com