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A unit of Folangsi Co., Ltd. completed the acquisition of a forklift company from Japan's Mitsubishi Logisnext.
Folangsi Co., Ltd. announced that its subsidiary Folangsi (Hong Kong) will acquire 100% of Nichiyu Forklift (Shanghai) Co., Ltd. from Mitsubishi Logisnext Co., Ltd. for CNY 33.923 million. The target company sells, services and rents Nichiyu brand forklifts in China.