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Kingclean Electric (莱克电气) signed a letter of intent to acquire 100% of Shanghai Pajie Auto Parts (上海帕捷) from Paragon Trading and Gil-Mar P.H.G Far East Automotive. The total valuation is estimated between CNY 1.243 billion and CNY 1.464 billion.
“公司拟收购上海帕捷汽车配件有限公司100%股权。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.