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Hengdian Group acquires Jiali Industry in major M&A

Aug 24, 2026

Acquiring Company

Hengdian Group Tospo Lighting Ltd

Acquired Company

Zhejiang Jiali (Lishui) Industry Ltd

JinhuaLishuiManufacturingAutomotiveBuilding MaterialManufacturingAutomotive

Description

Hengdian Group has acquired a controlling stake in Jiali Industry for RMB 1.45 billion, marking its largest M&A transaction ever. This acquisition aims to enhance Tospo's automotive lighting portfolio and create a comprehensive value chain in the industry. The move is part of Hengdian's strategic plan to expand into new areas within the electrical and electronics business. Following this acquisition, both companies will collaborate to strengthen their R&D and market presence.

Quick answer

Hengdian Group Tospo Lighting Ltd is acquiring Zhejiang Jiali (Lishui) Industry Ltd, announced August 24, 2026. Hengdian Group Tospo Lighting Ltd is based in Jinhua, Zhejiang, China.

How much did Hengdian Group Tospo Lighting Ltd pay for Zhejiang Jiali (Lishui) Industry Ltd?
The deal value was not disclosed.
What does Hengdian Group Tospo Lighting Ltd do?
Hengdian Group Tospo Lighting Co., Ltd is a leader in China's lighting industry.
Where are Hengdian Group Tospo Lighting Ltd and Zhejiang Jiali (Lishui) Industry Ltd based?
Hengdian Group Tospo Lighting Ltd is based in Jinhua, Zhejiang, China. Zhejiang Jiali (Lishui) Industry Ltd is based in Lishui, Zhejiang, China.

Source: Fundz verified event record.

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Company Information

Company

Hengdian Group Tospo Lighting Ltd

Location

Jinhua, Zhejiang, China

About

Hengdian Group Tospo Lighting Co., Ltd is a leader in China's lighting industry. The company specializes in general and automotive lighting, developing innovative products for the market. It aims to expand its automotive lighting division to strengthen its competitiveness. Tospo is known for its strategic dual-growth approach.

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Frequently asked

Who acquired Zhejiang Jiali (Lishui) Industry Ltd?

Zhejiang Jiali (Lishui) Industry Ltd was acquired by Hengdian Group Tospo Lighting Ltd, based in Jinhua. The deal was reported on August 24, 2026. Hengdian Group Tospo Lighting Co., Ltd is a leader in China's lighting industry. The company specializes in general and automotive lighting, developing innovative products for the market. Hengdian Group Tospo Lighting Ltd is privately held and operates in Manufacturing.

When did Hengdian Group Tospo Lighting Ltd acquire Zhejiang Jiali (Lishui) Industry Ltd?

Hengdian Group Tospo Lighting Ltd's acquisition of Zhejiang Jiali (Lishui) Industry Ltd was reported on August 24, 2026. Hengdian Group has acquired a controlling stake in Jiali Industry for RMB 1.45 billion, marking its largest M&A transaction ever. This acquisition aims to enhance Tospo's automotive lighting portfolio and create a comprehensive value chain in the industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Zhejiang Jiali (Lishui) Industry Ltd do?

Zhejiang Jiali Industry specializes in the R&D and manufacturing of passenger vehicle lighting products. The company is recognized for its robust OEM support and has established partnerships with leading automakers. It is privately held, operating in Manufacturing, and is based in Lishui.

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