Welltech Automation Closes Acquisition of 51% Stake in Zijiang New Material

MT Newswires Live10-09

Shanghai Welltech Automation (SHE:002058) completed the acquisition of a 51% stake in Shanghai Zijiang New Material Technology.

The 545.9-million-yuan transaction was finalized with the equity transfer registered on Sept. 29, according to a Thursday filing with the Shenzhen bourse.

Shares of the automation instruments manufacturer closed 5% higher Thursday.

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