Singatron plans to acquire 80% equity in automotive connector harness manufacturer Guolian Electronics
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Singatron plans to acquire 80% of Guolian Electronics for 220 million yuan. Guolian Electronics focuses on the manufacturing and sales of automotive connector harnesses, with a revenue growth of 169.06% over the past year. Its clients include BYD, Leapmotor, and others, with good business development. This acquisition will accelerate Singatron's business layout, enhance operating income, and inject long-term growth momentum
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