Bethel Plans to Acquire Controlling Stake in Yubei Steering

Published: Mar 6, 2026 14:49

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[SMM Flash News] According to reports, recently, Wuhu Bethel Automotive Safety Systems Co., Ltd. planned to use its own funds to sign a transfer agreement with Yubei Steering shareholders Junhong Industrial, Hefei Huaxin, and Hefei Industrial Investment to acquire 50.97% of Yubei Steering’s equity. After the acquisition is completed, Bethel will become the controlling shareholder of Yubei Steering. All parties unanimously agreed that the target company’s valuation would not exceed 2.2 billion yuan, and the consideration for this transfer transaction would not exceed 1.1214 billion yuan.

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