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Anhui Heli announced a cash acquisition of shares in Ningbo Lida Logistics Equipment from Anhui Forklift Group and related individuals. The transaction is a related-party deal.
Anhui Heli Co., Ltd. agreed to acquire a 66% stake in Ningbo Lida Logistics Equipment Co., Ltd. from Anhui Forklift Group and individual shareholders for CNY 246.64 million, making Ningbo Lida a subsidiary. The deal aims to strengthen Anhui Heli's electric forklift production.