Tongding Interconnection Information (SHE:002491) plans to acquire 55% of Nanjing Hebenji Electromechanical Equipment Technology for 291.5 million yuan, according to a Shenzhen Stock Exchange filing on Feb. 28.
Nanjing Hebenji sells fire protection products in the energy storage industry.
The acquisition will be made through increasing the capital of Nanjing Yibo Enterprise Management, Nanjing Hebenji's controlling shareholder, and through cash, the Chinese fiber optic cable manufacturer said.
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