FIYTA plans to acquire equity in ChangKong Gear, which mainly engages in precision gears and related products business
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FIYTA announced that the company plans to acquire a controlling stake in Shaanxi Changkong Gear Co., Ltd. (referred to as "Changkong Gear"). The acquisition will be conducted in cash, and Changkong Gear is 100% owned by Hanzhong Hanhang Electromechanical Co., Ltd. This acquisition aims to enhance FIYTA's technological strength and core capabilities in the precision technology business, thereby improving the company's overall competitiveness
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