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Risecomm (01679) to buy industrial automation systems biz
 Risecomm Group Holdings (01679) said it agreed 
to acquire the entire issued share capital of Green Harmony Limited for HK$500 million.
  The target company indirectly holds the entire equity interest in Beijing Hongteng 
Weitong Technology Co., Ltd. Beijing HTWT is principally specialised in the design and 
implementation of industrial automation systems, particularly in the area of maintenance 
and safety integrity system (MSI) for the petroleum and petrochemicals industry by 
utilising its own technologies and intellectual property rights. Its major customers 
include one of the largest state-owned petroleum conglomerates in the PRC.

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