-+ 0.00%
-+ 0.00%
-+ 0.00%

Xinxing Cast Pipe announced that its wholly-owned subsidiary Wuhu Xinxing Casting Pipe Co., Ltd. plans to acquire 100% of the shares of Jiangyin Huarun Steel Co., Ltd., with a transaction consideration of 1,244 billion yuan. After the transaction is completed, Wuhu Xinxing, a wholly-owned subsidiary of the company, will directly hold 100% of China Resources Steel's shares, and China Resources Steel will be included in the scope of the company's consolidated statements.

Zhitongcaijing·12/11/2025 10:41:08
Listen to the news
Xinxing Cast Pipe announced that its wholly-owned subsidiary Wuhu Xinxing Casting Pipe Co., Ltd. plans to acquire 100% of the shares of Jiangyin Huarun Steel Co., Ltd., with a transaction consideration of 1,244 billion yuan. After the transaction is completed, Wuhu Xinxing, a wholly-owned subsidiary of the company, will directly hold 100% of China Resources Steel's shares, and China Resources Steel will be included in the scope of the company's consolidated statements.