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Xiangshan Shares plans 100% Wuluo Smart acquisition after first-half loss

Verifying
  • Xiangshan Shares plans to acquire 100% of Wuluo Smart through shares, cash and fundraising.
  • Wuluo Smart recorded a 52.03% net margin and 75.62% debt-to-asset ratio in 2025.
  • Xiangshan Shares suspended trading September 1 after announcing the proposed transaction August 31.
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