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Far East Smarter Energy Unit Acquires 80% Stake in Liquid Cooling Company for 216 Million Yuan

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Far East Smarter Energy (SHA:600869) subsidiary Far East Electric will acquire an 80% stake in Huizhou Fudi Wangwang Industrial Development for 216 million yuan from sellers Huang Tuwang and Li Mingxia.

Huizhou Fudi Wangwang Industrial Development specializes in liquid cooling thermal management components, according to a Tuesday filing with the Shanghai bourse.

The move aims to promote the liquid cooling thermal management delivery and achieve a closed loop of power supply-interconnection-heat dissipation infrastructure.

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