BO YUAN plans to spend 12.5 million yuan to acquire 100% equity of Weifang Rongyuan for the establishment of a technology research and development center
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BO YUAN plans to acquire 100% equity of Weifang Rongyuan for 12.5 million yuan. After the transaction is completed, Weifang Rongyuan will become a wholly-owned subsidiary. This move aims to establish a technology research and development center, as Weifang Rongyuan is geographically close to the company's factory, which will help unify management and reduce investment costs
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