兴发铝业将斥资近200万美元收购技术服务提供商少数股权

03:02 AM EST, 12/06/2021 (MT Newswires) -- Aluminum products manufacturer Xingfa Aluminium Holdings (HKG:0098) is acquiring a 3.3333% stake in professional technology services provider Guangdong Guangxin Innovative Research Centre for 11.2 million yuan ($1.8 million), according to a late Friday filing.

Xingfa unit Guangdong Xingfa will purchase the stake from controlling shareholder Guangxin Holding, the disclosure said.

Meanwhile, Foshan Plastics (SHE:000973) and Star Lake (SHA:600866) will each acquire the same amount of equity interest for 22.4 million yuan in total as part of the deal.

Guangxin Holding is the largest shareowner of Foshan Plastics and Star Lake, the filing said.

Xingfa Aluminium expects the transaction to help it digitize production lines and management to improve its productivity as well as the quality of its products.

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