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Kecuang Xinyuan has declared, via an official announcement, its execution of a 'Framework Agreement on Equity Acquisition' with Thermazig Limited, Liao Zhisheng, and additional parties. The company intends to purchase, using cash, up to 60% of the equity in Dongguan Zhaoke (encompassing its subsidiary, Kunshan Zhaoke) and Zhike Technology (which includes the reorganized Zhaoke Technology and Vietnam Zhaoke). The precise acquisition ratio will be finalized through subsequent negotiations. Once the transaction is concluded, Kecuang Xinyuan will secure a controlling interest. Zhaoke's core operations revolve around the research, development, production, and marketing of thermal interface materials. This strategic move is designed to broaden Kecuang Xinyuan's footprint in the thermal management product arena and unlock fresh avenues for revenue and profit expansion.
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