Varroc Engineering Court Directs to Transfer Share to Beste Motors for RMB 310.5 Million

Varroc Engineering Ltd, a top auto components global manufacturer, announced today that the company has been directed by a court to transfer its stake to Beste Motors in consideration of RMB 310.5 million. The ruling represents a key milestone in Varroc's international business strategy and court proceedings pertaining to its China business.

 

Key Highlights:

Strategic Emphasis

The sale of the stake is consistent with Varroc Engineering's approach to simplify its global portfolio, minimize exposure to non-core geographies, and focus on high-growth markets and technological advancements.

 

Leadership Insights:

A spokesperson for Varroc Engineering said,

"We respect the court's ruling and will comply in a timely manner. The transaction will improve our balance sheet and allow us to re-prioritize resources on our strategic initiatives."

The court-ordered transfer of the stake to Beste Motors is a turning point for Varroc in reshaping its global portfolio and releasing value for shareholders.

 

Source: Company announcement, legal filings, April 16, 2025.