Adient enters into agreement with joint venture partner yanfeng to restructure existing joint venture relationships and drive shareholder value

Adient enters into agreement with joint venture partner yanfeng to restructure existing joint venture relationships and drive shareholder value.adient plc - has agreed to sell its 30 percent ownership stake in yfai to yanfeng for us$ 379 million.adient plc - has agreed to sell certain patents and other intellectual property to adient yanfeng seating mechanisms co., ltd. for us$ 20 million.adient plc - will continue to hold a 50 percent ownership interest in adient yanfeng seating mechanisms co., ltd..adient plc - adient and yanfeng have also agreed to extend term of their yfas joint venture to dec. 31, 2038.adient - co, yanfeng have agreed to amend aym jv agreement to update aym's business scope.adient - updated aym's business scope to allow aym to carry out seating mechanisms business in & outside of people's republic of china.adient - proceeds from transactions are expected to be used by adient to pre-pay a portion of company's debt.
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