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Guanglian Aviation Co., Ltd. announced it will acquire a 51% stake in Tianjin Yuefeng Technology Co., Ltd. for 357 million yuan, valuing the target at 700 million yuan. Tianjin Yuefeng is a supplier of aerospace metal structural parts, involved in national space programs.
“本次交易系公司围绕航空航天产业战略布局实施的股权收购行为,有利于完善公司的产业布局、提升资源配置效率、增强核心竞争力。”finance.sina.com.cn
Summarized from public sources; check the original articles before acting on it.