Defu Technology Plans to Acquire 51% Stake in Huiru Technology

MT Newswires Live01-12

Jiujiang Defu Technology (SHE:301511) signed a letter of intent to acquire at least a 51% stake in Huiru Technology.

Huiru Technology focuses on electronic special materials as well as non-ferrous metals and alloy materials, according to a Monday filing with the Shenzhen bourse.

Shares of the copper product manufacturer closed 9% lower Monday.

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