Singapore-listed Hengxin acquires 24% stake in Mianyang Siemax for $11m

Singapore-listed Hengxin acquires 24% stake in Mianyang Siemax for $11m

Hengxin Technology, the manufacturer of coaxial cables for mobile communications in China, is acquiring 24 per cent stake its Mianyang Siemax from its vendors for a total consideration of RMB72 million ($11 million).

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