New Focus Auto Tech Sells 10% Stake in Subsidiary for RMB100 Million

Reuters
Nov 17, 2025
<a href="https://laohu8.com/S/NWFAF">New Focus Auto</a> Tech Sells 10% Stake in Subsidiary for RMB100 Million

New Focus Auto Tech Holdings Ltd. has announced a minority investment transaction involving its indirect wholly-owned subsidiary, New Focus Lighting & Power (Shanghai). On November 17, 2025, the company entered into a Capital Increase Agreement with Zhongrong Juxin, under which Zhongrong Juxin will inject RMB100 million (approximately USD14 million) into New Focus Lighting & Power (Shanghai) in exchange for a 10% equity stake. Following the completion of the transaction, New Focus Auto Tech will retain a 90% interest in the subsidiary, which will remain consolidated in the group's financial statements.

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