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Changchun Faway Automobile Components to sell 1% stake in subsidiary, Changchun FAWAY Visteon Automotive Electronics

On July 19, 2018, Changchun Faway Automobile Components Co., Ltd. announced a plan to sell a 1% stake in its subsidiary, Changchun FAWAY Visteon Automotive Electronics Co., Ltd., for a minimum of Chinese yuan (CNY) 2.07 million. The subsidiary is now owned 50% by Visteon and 50% by Changchun Faway Automobile. Once th....

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