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China

Hezong to acquire 100% ENRC (BVI) share with USD 50 million

Beijing Hezong Science & Technology Co., Ltd. (Hezong) announced that it plans to pay USD 50 million in cash for the acquisition of a 100% share of ENRC (BVI) Limited (ENRC (BVI)) currently held by Maolian (Hong Kong) International Trade Co., Ltd. (Maolian Hong Kong). Maolian Hong Kong is wholly-owned by Hezong’s sub....

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