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Settle on Xingzhida? HITE is Pushing its Strategic Acquisition

Publish Date:2023-06-30

Shanghai Hi-Tech Control System Co., Ltd. (“HITE") announced that it intends to issue shares and pay cash to purchase 75% equity of Xingzhida held by eight counterparties, including Shen Chang. After the transaction is completed, Xingzhida will become a holding subsidiary of HITE.