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Rongqi Technology announced a plan to acquire 60% equity of Shanghai Deqishun Precision Machinery Equipment Co., Ltd. for 562 million yuan in cash. The proposal was approved by the board and needs shareholder approval.
Rongqi Industrial Technology (Suzhou) Co., Ltd. plans to acquire 60% equity of Shanghai Deqishun Precision Machinery Equipment Co., Ltd. for RMB 561.6 million in cash. The transaction includes performance commitments for 2026-2028.