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On March 7, Jinling Huaruan Technology Co., Ltd. unveiled its strategic move to acquire a majority 67.411% stake in Shandong Laien Optoelectronics Technology Co., Ltd., at a cost of ¥324 million. Upon the completion of this transaction, Laien Optoelectronics will transition into a subsidiary under the control of Huaruan Technology, and will be consolidated into Huaruan's financial statements. It's important to note that this acquisition does not fall under the category of a related-party transaction or a significant asset restructuring. Laien Optoelectronics is renowned for its expertise in the research and development, manufacturing, and marketing of safety light curtains and measuring light curtains. The company offers safety protection products and solutions tailored for industries such as machinery and automobile manufacturing.
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