ZJKFH, one of the lead
parties in this acquisition, was established in 2016 as a comprehensive
state-owned financial holding group led by the Zhangjiakou municipal
government. The BWI was established in March 2009 with Shougang Group Co. Ltd.
holding 55.45% and Beijing Fangshan State-Owned Assets Management Co. Ltd.
holding 44.55%. The predecessor of the BWI was the American automobile company
Delphi Group, which was once a Fortune Global 500 with international
competitiveness, world-class R&D capability, and production level in terms
of its chassis, braking, and suspension businesses in the traditional energy
vehicle field. In November 2009, the BWI completed the acquisition of Delphi’s
global suspension and braking business. After many years of technical
iteration, the BWI has become one of the providers of international automobile
chassis parts in the high-end market, with subsidiaries in various countries
and regions, such as Asia, North America, and Europe, conducting actual
business operations. BWI has 9 production plants and a complete product line in
the world. Its high-quality technology and products enable the company to sell
products in various countries and regions around the world, with more than 50
leading OEM customers.
involved many countries and regions such as Asia, North America, and Europe and
also involved laws of various jurisdictions or regulatory systems such as Hong
Kong’s tender offer, CIFIUS review, anti-monopoly declaration, overseas
restructuring plans, exchange in the market of state-owned equity, loan
arrangements and the establishment of the fund.