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China's Naruida plans $24.2 million acquisition of 51% Xintai stake

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  • China's Naruida plans to acquire 51% of Guangzhou Xintai Communication Technology Co., Ltd.
  • 162 million yuan, approximately $24.2 million, is the stated purchase price.
  • Naruida announced the plan on September 30 using its own funds.
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