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Zhuhai Mian Group: Kangge Investment to acquire 96.28% stake in Haicheng

Zhuhai Mian Group announced that Zhuhai Kangge Investment plans to acquire a 96.28% stake in Zhuhai Investment Holdings from Huafa Group via a non-public agreement. Upon completion, Kangge will indirectly hold 44.95% of the group, becoming its indirect controlling shareholder. The acquisition has obtained necessary approvals but still awaits merger control review.

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