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Tiangong International's subsidiary Tiangong Tools will acquire all equity of Weijian Tools from Junfa and Qianjia Investment for about RMB 109 million. Weijian Tools produces high-speed steel wire rods.
“天工工具将向骏发及乾嘉投资收购伟建工具的全部股权,总代价为约人民币1.09亿元。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.