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Lanpec (601798.SH) signed an intent agreement to buy 100% of Shanghai Lanya Petrochemical Equipment Testing and 51% of China Air Separation Engineering from China Pudong Mechanical Industry, in cash. Terms are subject to a formal agreement.
“Lanpec plans to acquire 100% equity of Lanya Testing and 51% equity of China Air Separation in cash.”longbridge.com
Summarized from public sources; check the original articles before acting on it.