XEMC plans to acquire a 12.5% equity stake in Tongda Electromagnetic Energy for 208 million yuan
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XEMC plans to acquire a 12.5% stake in Tongda Electromagnetic Energy for 208 million yuan, and this transaction will be conducted in cash. Tongda Electromagnetic Energy is an important R&D and manufacturing company in China's electromagnetic energy and motor industry, possessing industry advantages, highly synergistic with XEMC's main business, and has continuously improved operating performance, demonstrating good growth potential
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