Chongqing Machinery & Electric (02722.HK) plans to sell a 51% equity stake in Chongqing Caff Automotive Brake & Steering System for RMB 89.7916 million.

Zhito Finance APP News: Chongqing Machinery & Electric (02722.HK) announced that on October 12, 2026, the company entered into an equity transfer agreement with Silian Group (a wholly-owned subsidiary of the company's controlling shareholder), pursuant to which the company agreed to transfer, and Silian Group agreed to acquire, a 51% equity interest in the target company (Chongqing Caff Automotive Brake & Steering System Co., Ltd., a wholly-owned subsidiary of the company) held by the company, at a consideration of RMB 89.7916 million.