Top Group (601689) announced on the evening of October 19 that it intends to acquire 100% equity of Zhejiang Jiali Auto Parts Co., Ltd. and 100% equity of Sichuan Fudona Auto Parts Co., Ltd. in cash of RMB 642 million. The above-mentioned target company is a supplier specializing in the production of high-strength steel chassis for automobiles. The company has achieved research and development results in lightweight aluminum alloy chassis, and combined with the company's high-strength steel chassis, it can expand the chassis product line.
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