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ChipsDeal: RMB 793M (~US$118M)

Juice maker Andeli completes its RMB 793 million purchase of 62% of copper-clad-laminate firm Yongqiang

Source
Rui Caijing
RMB
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Andeli said on 27 October it has completed buying 62.06% of Ningbo Yongqiang Technology for RMB 793 million in cash, implying a total valuation of about RMB 1.28 billion. Yongqiang makes high-speed copper-clad laminates for servers; its founder promises net profit of at least RMB 23 million, 42 million and 70 million for 2026-2028. The appraisal premium was 354.38% and the exchange sent inquiry letters.

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