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10 Apr
08:03

Nuode New Materials to acquire a 90.2% stake in Cloud Futures

Shanghai-listed cooper foil leader Nuode New Materials announced on Wednesday plans to acquire a 90.2% stake in Xinjiang-based Cloud Futures, Kallanish reports. According to Nuode New Materials, the CNY 254.6 billion ($35.20 billion) acquisition of the futures company will provide Nuode with more comprehensive and diversified financial services. Additionally, the transaction should improve its risk management capabilities and facilitate the achievement of goals su…
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