Newtouch's subsidiary plans to acquire 49% equity in Shenzhen Hengdao for 48.2356 million yuan
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Newtouch's wholly-owned subsidiary Shenzhen Newtouch plans to acquire 49% equity in Shenzhen Hengdao for 48.2356 million yuan. This move aligns with the company's strategic layout in the South China region and is expected to enhance its expansion and delivery capabilities in the small and medium-sized bank market. Upon completion of the transaction, Shenzhen Hengdao will become a wholly-owned subsidiary of the company, helping to optimize the industrial structure and strengthen the company's competitiveness. The transaction is expected to have no significant adverse impact on the company's normal operations and future financial condition
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