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Shenzhen Best of Best Holdings' wholly-owned subsidiary Shenzhen MiLian Technology plans to invest 5.1 million yuan for a 51% stake in a joint venture with Baohui Chip Technology, which will invest 4.9 million yuan for a 49% stake. The joint venture will focus on consumer, PC, automotive, and industrial sectors.
“This external investment by the company's wholly-owned subsidiary is based on the company's future development strategy and long-term planning needs.”longbridge.com
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