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UNI-T: Plans to acquire a 51% stake in XinCe Communication with a total price not exceeding 86 million yuan
Youlide announces its plan to acquire 26.45M shares of the target company held by five shareholders of XinCe Communication through cash payment, with a maximum amount of 86 million RMB (representing 51% of the total issued shares of the target company).
If this transaction is successfully completed, XinCe Communication will become a controlling subsidiary of the company and will be included in the company’s consolidated financial statements.