Fumiao Technology plans to acquire a 51% stake in Jiaxing Water Tech Environmental Protection Technology Co., Ltd. through a cash purchase. This acquisition will make Water Tech a controlling subsidiary of Fumiao Technology. Water Tech specializes in providing comprehensive industrial water treatment services to various sectors including electronics, energy, and chemicals. The transaction is not expected to be a related-party transaction or a major asset restructuring. AI
RANK_REASON This is a business acquisition announcement for a company that provides industrial water treatment services, not a core AI development or release.
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