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The goverment of Hefei invests $412 million in Visionox to increase its stake to 32%
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The goverment of Hefei invests $412 million in Visionox to increase its stake to 32%
Visionox announced that Hefei Jianshu Investment, the investment arm of the Hefei government has invested $412 million to increase its stake from 11.5% to 31.9%. This is a 16% discount over Visionox's actual worth on the markets (the company's current market cap is about $2.3 billion USD). For the past few years Visionox has been unprofitable, and in 2025 (for the first three quarters) the company reported a loss of $225 million. The company req…
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