Bethel: termination of overseas issuance of global depositary receipts

FAP, June 19 / PRNewswire-FirstCall-Asianet /-- Bethel announced its decision to terminate the overseas issue of global depositary receipts (GDR). At the same time, in order to meet the temporary needs of the project research and development, construction and daily operation of Wuhu Bethel Intelligent driving Co., Ltd., a holding subsidiary, the company intends to provide it with financial assistance of no more than 100 million yuan. In addition, the company plans to borrow from the wholly-owned subsidiary Wuhu Bethel Mexico, increase capital and put into construction 5.5 million pieces of cast aluminum steering knuckle, 1.7 million pieces of control arm / subframe, 1 million pieces of electronic parking brake pliers (EPB), 1 million pieces of front brake pliers and other product projects. The total investment of the project is 165 million US dollars.