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FCT Precision: Concludes Acquisition of 64.42% Stake in Zhejiang Prxion and Joins Bidding for Additional State-Owned Assets Stake
2025-05-23 /
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Author：小编
FCT Precision and its consortium of investors have successfully invested RMB 2.17 billion in Shenyang Zhengxin. Through its wholly-owned subsidiary, Wuxi Zhengxin, FCT Precision has secured a M&A loan of RMB 1 billion and finalized the acquisition of a 64.42% equity stake in Zhejiang Prxion. Furthermore, FCT Precision is actively participating in the bidding process for the equity shares of Zhejiang Prxion that are being divested by Haining Industrial and the Bank of China Fund, although the outcome of this bidding remains pending.
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