Fenbi Limited (HK:2469) has released an update.
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Fenbi Limited has announced a significant restructuring move, as its subsidiary Fenbi Chuxin acquired full ownership of Lancai Tianxia, a book printing business, by acquiring 50.10% of its equity interests for RMB5.3 million. This strategic adjustment follows recent changes in foreign investment restrictions, allowing Fenbi to optimize its contractual arrangements and enhance its operational control. The move positions Fenbi to capitalize on new opportunities in the publishing sector with streamlined governance.
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