联创汽车电子有限公司 controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Huayu Automotive to acquire 10.9569% stake in Lianchuang Automotive Electronics for 320 million yuan
Huayu Automotive announced that its wholly-owned subsidiary Shanghai Huizhong plans to acquire the 10.9569% stake in Lianchuang Automotive Electronics held by the National Green Development Fund for 320 million yuan via a public transfer (公开摘牌) process, raising Huayu's holding from 5.3% to 16.25%. Because Lianchuang is indirectly controlled by Huayu's controlling shareholder SAIC Group, the transaction constitutes a related-party transaction. The report notes Lianchuang remains loss-making with its debt ratio risen to 92%, and that Huayu paid a 936% appraisal premium for a prior 5.3% stake in August 2025.