WUTOS plans to acquire 9.98% equity from minority shareholders of its subsidiary Fengli Optoelectronics
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WUTOS plans to acquire 9.98% of the equity of Wuhan Fengli Optoelectronic Technology Co., Ltd. for a transaction amount of 28.7343 million yuan. This acquisition will increase WUTOS's shareholding in Fengli Optoelectronic to 90.01%. The company stated that this transaction will help implement its development strategy, enhance control over its subsidiaries, and improve the net profit attributable to the parent company
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