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Luyitong announced it will acquire 100% of Guangdong Shenghui Electronics for 2 billion yuan, paid in shares and cash, to strengthen its position in electrical equipment.
“本次交易有助于公司优化产品结构,完善业务链条,抢占发展先机,进一步巩固和加强公司在电气成套设备行业的竞争优势”cs.com.cn
Summarized from public sources; check the original articles before acting on it.