Hengdian Group Acquires Jiali Industry in Largest M&A in Company’s History

HENGDIAN, China, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Hengdian Group completed the acquisition of a controlling stake in Jiali Industry, a leading vehicle lighting manufacturer, at an implied equity valuation of approximately RMB 2.2 billion (USD 327 million). The transaction, led by Hengdian Group Capital (HgC) together with Tospo Lighting, involved the acquisition of approximately 67% of Jiali for RMB 1.45 billion (USD 215 million), making it the largest M&A transaction by deal value in Hengdian Group’s history.