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27-Jan-2016

Fu Hsiang International Pte Ltd Acquired 100% Shares in Inter Fortune International Pte Ltd

Fu Hsiang International, the majority shareholder of Xiamen Huatech Switchgear Co., Ltd acquired 100% shares of Inter Fortune International, who owned 17% shares in Xiamen Huatech Switchgear Co., Ltd, on 26 January 2016. Gelpag Advanced Technology GmbH had withdrawn from power transmission and distribution products and equipment business since then.