Key Safety Systems, China’s Ningbo Joyson Electronic Corp’s US subsidiary, has reached preliminary agreement to take over Takata’s assets and business, for no higher than US$1.59 billion, according to a filing by Joyson to the Shanghai Stock Exchange on Monday.

Shanghai’s Joyson Electronic steps in to save bankrupt airbag firm Takata

Joyson’s US arm troubled to buy Takata assets and businessfor no more than US$1.59 billion, bit not its PSAN business

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Key Safety Systems, China’s Ningbo Joyson Electronic Corp’s US subsidiary, has reached preliminary agreement to take over Takata’s assets and business, for no higher than US$1.59 billion, according to a filing by Joyson to the Shanghai Stock Exchange on Monday.
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