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Executive board surprisingly resigns / Ningbo Jifeng's takeover conditions to remain unchanged
Chinese firm Jifeng now holds 84% share capital of German automotive supplier
Hastor abandons takeover battle for German automotive supplier / Second quarter sees recovery
Shareholder Hastor family unhappy with Jifeng's offer / Option to raise own stake being considered / Press conference cancelled
Chinese company to take over German auto parts supplier / Bid to acquire outstanding shares / Extensive employee commitments
Partner Ningbo Jifeng now holds blocking minority / Will it soon also have seats on the management committees?
Battle against Hastor continues / Chinese Jifeng increases shares to 20%
Takeover has been fended off / Shareholders supported management and CEO Hartmut Müller
Next round in the takeover battle / Jifeng can complete the conversion of its convertible bond after all
Defensive move has initially failed / Hastor manoeuvrings put automotive seat manufacturer under threat again
Auto components supplier in a fight with Prevent's owners / Hastor wants to replace supervisory board and withdraw confidence in CEO Müller
Dispute between VW and Prevent laid to rest / Little impact on plastics converters so far / German supplier industry association ArGeZ calls for "fair and cooperative dialogue"
Cascade International Investment
Ningbo Jifeng Auto Parts
Toledo Molding & Die
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© 2023 by Plastics Information Europe, Bad Homburg. All rights reserved. Access und use is subject to our
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© 2023 by Plastics Information Europe, Bad Homburg
Date of print: 29/05/2023
All rights reserved.