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Xinrui Co., Ltd. announced its intention to acquire 70% equity in Xinxiang Huilian Electronics Technology Co., Ltd. for no more than 7 billion yuan. Huilian Electronics is a leading PCB tool manufacturer, ranking first globally in PCB milling tool production and sales.
“This acquisition will fill the gap in its PCB tooling business, leveraging the target company's mature PCB tooling operations to enter a high-growth sector.”news.futunn.com
Summarized from public sources; check the original articles before acting on it.