09:54 AM EST - Magna International Inc. : Has signed an agreement to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers. The acquisition will expand Magna’s seating capabilities across China. At the same time Magna will acquire a majority stake in its existing seating joint venture with HLZX. Magna International.
shares T.MG are trading down $0.38 at $66.69.