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Shenyang Machine Tool announced it will forgo the opportunity to acquire 68.87% equity in Nanjing Erji Gear Machine Co., Ltd. for 400 million yuan, and its controlling shareholder General Technology Group will instead acquire the stake.
“沈阳机床拟放弃南京二机68.87%股权收购机会 控股股东通用技术集团将接手”stcn.com
Summarized from public sources; check the original articles before acting on it.