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Feb 14, 2022 04:40 PM (GMT+8) · EqualOcean
Jiangsu Shentong announced that the company plans to acquire its controlling interest by means of a combination of acquiring the existing shares of Dewei shares and increasing the capital of Dewei shares in cash. Dewei has been deeply engaged in overseas markets for a long time and is a qualified supplier for many large international oil and gas enterprises. After the completion of the transaction, Dewei will become the controlling shareholder of the company.