YongLi plans to acquire the remaining 50% equity of Kotec, whose main business is electric rollers and related products
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YongLi announced that it plans to acquire 50% equity of Shanghai Kotec held by Ningbo Zhongdali De with its own funds, with a transaction price of 9.2777 million yuan. After the acquisition, YongLi will hold 100% equity of Kotec, making it a wholly-owned subsidiary. Kotec is mainly engaged in the research and development, production, and sales of electric rollers and related products
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