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Meixin Yishen: Plans to acquire up to 70% of Taizhou Xinyu Precision Engineering Co., Ltd. through cash purchase
Meixin Yi Shen announces that it plans to acquire all the shares of Taizhou Xinyu Precision Engineering Co., Ltd.'s controlling shareholder, Taizhou Jinding Enterprise Management Co., Ltd., through a cash payment, and also intends to acquire some shares of the target company held by Paul Schnaberich and Tong Kin Shing through cash payment. After the completion of this transaction, the listed company is expected to directly and indirectly hold no more than 70% of the voting rights of the target company and will obtain control of the target company.