NBTM New Materials Completes Payment for 34.75% Fuchi High-Tech Stake; Shares Down 4%

MT Newswires Live

5小时前

NBTM New Materials (SHA:600114) completed the payment for the acquisition of a 34.75% stake in Shanghai Fuchi High-Tech after paying the remaining 153.6 million yuan, according to a Shanghai bourse filing on Saturday.

The total consideration was 673.5 million yuan.

The Chinese powder metallurgy machinery parts manufacturer's shares dropped 4% during the afternoon trade.

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