Hylands Assists Leading Institutions such as ZJKFH and Cloudstone Global Capital to Complete the Acquisition of 55.45% Equity of BWI


The team of Wenhao DONG and Qian SHEN from Hylands Law Firm successfully facilitated the acquisition of 55.45% equity in Beijing West Industries Co. Ltd. (BWI), a world-leading supplier of automotive chassis suspension and braking systems, by Jingxi Zhixing Zhangjiakou Automotive Electronics Co. Ltd. (Jingxi Zhixing), a joint venture of Zhangjiakou Financial Holding Group Co. Ltd. (ZJKFH) and Cloudstone Global Capital Management (Beijing) Co. Ltd.

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.

This acquisition 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.

Hylands will assist the ZJKFH to further optimize its asset allocation and provide professional legal protection and support in carrying out relevant work.