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Follett: Plans to acquire two companies for no more than 3.65 billion yuan to enhance the reserves of glass quartzite resources

author:Securities Times E Company

E company news, Follett (601865) on the evening of October 27 disclosed a major asset restructuring plan, in order to enhance the reserves of glass quartzite mineral resources, the company intends to purchase 100% of the equity of Dahua Mining and 100% of the equity of Sanli Mining by paying cash and assuming debts, and preliminary negotiations determined that the total price should not exceed 3.65 billion yuan.

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