CLP Huarui is a joint-stock Internet technology enterprise specializing in providing smart grid, IoT core chips, terminals and overall solutions. It is committed to the research and development, design and manufacture of products such as power system communication, electricity consumption, automation and integrated circuits. The main business is to cover the fields of scientific research, production, sales and technical services of ship electronic information systems and equipment, with perfect military qualifications. Wangzi New Materials issued an announcement that the company decided to terminate the issue of shares and pay cash to purchase 49% of CLP Huarui’s equity and raise supporting funds, and changed it to 172 million yuan in cash to acquire 49% of CLP Huarui’s equity. After the acquisition is completed, the company will directly hold 100% of the equity of CLP Huarui.
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