China Risun Group Ltd. (HK:1907) has released an update.
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China Risun Group Ltd. has announced its acquisition of 100% equity interest in Risun Research from Xuyang Holding for RMB181 million, making it an indirect wholly-owned subsidiary. This strategic move, classified as a connected transaction, aims to consolidate Risun’s research capabilities while adhering to regulatory requirements. The acquisition will be funded through internal resources, enhancing China Risun’s operational synergy.
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