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MIDEA GROUP Acquires Teka Group to Accelerate Global Expansion
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MIDEA GROUP (00300.HK) has announced the successful completion of its acquisition of Teka Group (excluding Teka's Russian subsidiary).

Following the acquisition, MIDEA GROUP will fully leverage its global R&D and manufacturing system to create synergies, continuously enhance Teka Group's global competitiveness, strengthen its market position in Europe and Latin America, and support breakthroughs in new business areas and rapid expansion in international markets.
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