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Zhongying Technology agreed to acquire 51% of Changzhou Yingzhong Electric for approximately CNY 560 million, a related-party transaction with a 198.56% premium, to expand into insulation materials for power equipment.
“中英科技拟以现金方式收购常州市英中电气有限公司51%股权,交易对价约为5.60亿元。”news.ifeng.com
Summarized from public sources; check the original articles before acting on it.