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Shanghai Electric announced that its subsidiary Wintech will acquire 100% equity of Anghua Automation via private agreement transfer for approximately RMB204 million. The 58.02% stake from controlling shareholder Electric Holdings is valued at about RMB119 million.
“Wintech, its non-wholly-owned subsidiary, will acquire 100% equity interest in Anghua Automation via private agreement transfer with a total transaction value of approximately RMB204 million.”newtimespace.com
Summarized from public sources; check the original articles before acting on it.