Guangzhou Ruili Kemi Automotive Electronics Co., Ltd. plans to issue shares to acquire a 16% stake in Wuhan Ruili Kede Automotive Electronics. The Shenzhen Stock Exchange's M&A Review Committee will review this transaction soon, with the meeting date to be announced later. Approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission is required for the transaction to proceed, and uncertainties remain regarding the approval timeline.
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