HITE to acquire 75% stake in Xingzhida

Shanghai Hi-Tech Control System Co., Ltd. (HITE) announced it will issue shares and pay cash to purchase 75% equity of Xingzhida from eight counterparties. Xingzhida will become a holding subsidiary of HITE.

“HITE announced that it intends to issue shares and pay cash to purchase 75% equity of Xingzhida held by eight counterparties, including Shen Chang.”hite.com.cn

• 1 source
• hite.com.cnSettle on Xingzhida? HITE is Pushing its Strategic Acquisition - Shanghai Hi-Tech Control System CO., LTD.兴百放,xbf321(at)gmail.comJun 30, 2023

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