Nanjing Iron & Steel updates on Zhejiang Wansheng sale
Nanjing Iron & Steel (SSE:600282) announced progress in the sale of its stake in Zhejiang Wansheng Co., Ltd. The company received CNY 530,240,435.88 from Fosun High Tech on April 25, 2025. This payment covers the third tranche of the share transfer price and the second installment of compensation, per the supplemental agreement to the original share transfer agreement. The initial agreement, reached in March 2023, involved the transfer of Nanjing Iron & Steel’s 29.5645% stake in Zhejiang Wansheng (SSE:603010.SH) to Fosun High Tech. Previous payments included CNY 10 billion received in October 2023 and CNY 200 million in October 2024.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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