Telesound Electronics to Acquire 51% Stake in Zhejiang Zhongchen Urban Emergency Service Management for 28 Million Yuan
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Beijing Telesound Electronics is acquiring a 51% stake in Zhejiang Zhongchen Urban Emergency Service Management for 28.1 million yuan. The acquisition is expected to strengthen the security and protection product maker's presence in fire-emergency services, integrate safety and emergency operations, and enhance its services segment, according to a June 14 filing with the Shenzhen bourse. Shares of Beijing Telesound Electronics closed 1% higher Monday.
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