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Luoman Co., Ltd. Announces Plan to Cash-In for 39.2308% Stake in Wutong High-Tech
1 week ago /
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Author：小编
Luoman Co., Ltd. has unveiled its intention to acquire a 39.2308% equity stake in Wutong High-Tech, currently held by Wutong Technology, through a cash transaction. Upon the successful completion of this deal, Luoman Co., Ltd. will ascend to the position of Wutong High-Tech's largest shareholder, securing three out of five seats on the board of directors and the privilege to nominate the financial director. Wutong High-Tech, specializing in AIDC computing power servers and integrated cluster solutions, operates in a distinct sector from Luoman Co., Ltd.'s current business arena, presenting integration challenges for the acquiring company.
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