Wuhan Zhongdian Huarui is a research and development manufacturer of ship electronic information systems and equipment. The company’s business covers the fields of scientific research, production, sales and technical services of ship electronic information systems and equipment, and has perfect military qualifications. Recently, Wangzi New Materials announced that it 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.
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