Hangxin Technology announced that the company signed an agreement with Shanghai Xinsheng shareholders to acquire 51% of Shanghai Xinsheng's shares in cash. After the transaction is completed, it will become the company's holding subsidiary. The overall valuation of the target company is expected to be no more than 580 million yuan, and the total consideration for the transaction is initially estimated at RMB 280 million to 295 million yuan. Ultimately, the assessed value is based on the transaction.

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