Published by Global Banking & Finance Review®
Posted on September 25, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleMercedes-Benz Group acquires a 3% stake in Chongqing Qianli Technology for 1.34 billion yuan, marking a strategic investment in the Chinese market.
HONG KONG (Reuters) -Chongqing Qianli Technology said on Thursday its key shareholder has agreed to transfer a 3% company stake, valued at 1.34 billion yuan ($187.90 million), to Mercedes-Benz Group.
Chongqing Lifan Holdings has agreed to transfer 135.63 million shares of Chongqing Qianli at 9.87 yuan apiece to Mercedes-Benz, which undertakes not to reduce its shareholding in the next 12 months, the Qianli Technology said in a filing to the Shanghai bourse.
($1 = 7.1315 Chinese yuan renminbi)
(Reporting by Hong Kong newsroom; Editing by Kim Coghill)
A stake in a company refers to ownership interest represented by shares. When an entity holds a stake, it has a claim on a portion of the company's assets and earnings.
Technology transfer is the process of sharing or disseminating technology, knowledge, or skills from one organization or entity to another, often to enhance innovation and development.
A filing in finance refers to the submission of financial documents or reports to regulatory authorities, such as the Securities and Exchange Commission, to ensure compliance with legal requirements.
Explore more articles in the Finance category
