Shanghai Highly arm to buy 60% stake in Japan's Marelli unit for $203m

Shanghai-listed Shanghai Highly (Group) subsidiary Highly International (Hong Kong) Co Ltd is planning to acquire 60 per cent stake in Japanese automotive product supplier Marelli Holdings’ unit Marelli (Hong Kong) Holdings Co Ltd for a cash consideration of up to $203 million, according to a company filing with The Stock Exchange of Shanghai on September 7.