YongLi plans to acquire a 5% stake in YongLi Kaibo to further expand its control over it
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YongLi plans to use its own funds to acquire a 5% stake in YongLi Kaibo held by individual Luo Chenhui, with a transaction price of 1.9 million yuan. This move aims to expand control over YongLi Kaibo, improve decision-making efficiency, reduce management costs and risks, and enhance the company's sustainable profitability
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