Recent events
Recent events tied to this brand in public sources.
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2022
Luxshare Precision and Chery businesses establish a strategic partnership
Luxshare Precision and Chery Holding Group, Chery Automobile and Chery New Energy signed a strategic cooperation framework agreement and established a strategic partnership. The parties also stated that Luxshare Precision and Chery New Energy intended to jointly form a company for new-energy vehicle development and manufacturing.
2022
Luxshare affiliate agrees to acquire minority stakes in Chery businesses
Luxshare Precision Holdings signed a framework agreement to purchase stakes in Chery Holding Group, Chery Automobile and Chery New Energy from Qingdao Wudaokou. The agreement specifies the proposed stakes and a total price of RMB 10.054 billion; the source says the transaction would not give Luxshare control of the businesses.
2022
Luxshare Precision proposes to acquire a majority stake in Huitong Technology
Luxshare Precision announced that its wholly owned overseas subsidiary would acquire approximately 74.67% of Huitong Technology's shares for HK$1.104 billion. The source describes the acquisition as proposed, not completed.
2021
Foxconn and Luxshare suspend operations at northern Vietnam factories
Foxconn and Luxshare temporarily suspended operations at their northern Vietnam factories at the local government's request. The source does not state the date the suspensions took effect.
2021
Foxconn and Luxshare temporarily close factories in Vietnam
Foxconn and Luxshare were required to temporarily close factories in northern Vietnam amid rising COVID-19 cases. The report says both companies had begun suspending operations to comply with the order.
2021
Luxshare Precision reports 2020 results and forecasts first-quarter profit growth
Luxshare Precision released a 2020 results bulletin reporting revenue of RMB 91.87 billion and net profit attributable to shareholders of RMB 7.233 billion, and forecast first-quarter 2021 net profit of RMB 1.326 billion to RMB 1.375 billion, up 35%–40% year over year.
2020
Luxshare Precision responds to equity nominee-holding dispute
Luxshare Precision's securities department said its controlling shareholder, Wang Laichun, and Wu Zhengwei had no related relationship and no equity nominee-holding arrangement, responding to a reported dispute over shareholding.
2020
Luxshare announces acquisition of two Wistron subsidiaries
Luxshare Precision announced that it and its controlling shareholder would pay RMB 3.3 billion to acquire 100% of the equity in two wholly owned subsidiaries controlled directly or indirectly by Wistron; Luxshare Precision would contribute RMB 600 million.
2020
Luxshare to acquire Wistron's iPhone business
The report said Luxshare had acquired Wistron's iPhone business, making Luxshare an iPhone assembler; Wistron said the transaction was still subject to regulatory approval and was expected to be completed before the end of 2020.
2020
Wistron agrees to sell Kunshan iPhone factory and two subsidiaries to Luxshare
Wistron's board agreed to sell its Kunshan iPhone factory and two Chinese subsidiaries to Luxshare in a transaction valued at about US$472 million. The source reports that completion was expected by the end of 2020, subject to regulatory approval.
2020
Luxshare Precision announces proposed acquisition of two Wistron subsidiaries
Luxshare Precision and its controlling shareholder signed a framework agreement with Wistron and WIN concerning a proposed cash acquisition of 100% of two subsidiaries controlled by WIN. The preliminary transaction price for the target companies was about RMB 3.3 billion; details were to be clarified after due diligence, audit and valuation.