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Maase Inc. is in advanced negotiations to acquire Shandong Sandi Water Purification Technology Co., Ltd., a provider of pipe system solutions for drinking water in China, for approximately RMB700 million, to be paid in newly issued shares.
“The Company has reached a preliminary agreement with the target and the sellers that the valuation of the target will be approximately RMB700 million and the consideration will be paid in the form of newly issued Class A ordinary shares.”sec.gov
Summarized from public sources; check the original articles before acting on it.