Fuchang Precision Proposes to Acquire 65% of Shanghai Riyang for 189M Yuan on May 26

GateNews
According to its official announcement, Shenyang Fuchang Precision Equipment Co., Ltd. proposes to acquire a 65% stake in Shanghai Riyang Electronic Technology Co., Ltd. for 189 million yuan today (May 26). Upon completion of the transaction, Shanghai Riyang will become a controlling subsidiary of Fuchang Precision and be consolidated into its financial statements.
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