Yanfeng enters into agreement to acquire Adient Asia’s 49.99% share
Upon completion of transaction, Yanfeng will hold ownership of the JV
Yanfeng entered into an agreement with Adient to acquire Adient Asia’s 49.99% share in the Yanfeng Adient Seating Co, Ltd (YFAS) joint venture (JV) in China, the company announced in a press release on 3 December. As per the transaction, all current and future pipeline projects will transition to Yanfeng.
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