Shanxi Installation Group Updates Acquisition of 70% Stake in Shanxi Construction Investment International
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Shanxi Installation Group Co., Ltd. has updated its acquisition of a 70% stake in Shanxi Construction Investment International for RMB58.55 million. The target company has total assets of approximately RMB93.41 million and net assets of about RMB84.92 million. Due to the underdeveloped equity trading market for non-listed companies in China, a market approach was not applicable for the valuation. All previously announced information remains unchanged.
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