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Kulai Electromechanical: Planning to invest 290 million yuan to acquire a 50.98% stake in Shanghai Yilai
Kulai Mechanical and Electrical announced plans to invest 290 million yuan through capital increase, acquiring a 50.98% stake in Shanghai Yilai Technology Co., Ltd. After the transaction is completed, Shanghai Yilai will become a controlling subsidiary of the company and will be consolidated into the company’s financial statements.