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Bosch Group invested 276 million shares in HCFA, Meanwhile, HCFA and Bosch Rexroth are drafting 120 million investments for a joint venture company
2023-12-06 14:00:40
Bosch Group invested 276 million shares in HCFA, Meanwhile, HCFA and Bosch Rexroth are drafting 120 million investments for a joint venture company,Three parties formally signed the equity transfer agreement and the strategic cooperation agreement on November 2.
The contents of the agreements are as follows:
1.Equity Transfer Agreement: Bosch Group invested $276 million strategic investment in HCFA, becoming HCFA’s 5% shareholder.
2.Strategic Cooperation Agreement: HCFA and Bosch Rexroth, each contributing 50% and other 50% of the total capital of 120 million CNY, planning to set up a joint venture company in Shanghai (Preparation). The joint venture company will be mainly engaging in research and development, manufacturing, providing automation and electrification solutions, and related products and services.
