Zhongmiao Holdings (Qingdao) Co. Ltd. to Acquire 55% Stake in Target Company Following Shareholders' Approval
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Zhongmiao Holdings (Qingdao) Co. Ltd. has received shareholders' approval to acquire a 55% stake in a target company for RMB 165 million. The agreement, reached on August 22, 2025, aims to enhance Zhongmiao's competitive edge by leveraging the target's expertise in IoT, blockchain, and AI, thereby improving its fintech capabilities and client retention. This strategic move is expected to boost research and development efficiency and attract high-value institutional customers.
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