Inner Mongolia First Machinery gets nod for Xi'an Aisen investment

Inner Mongolia First Machinery Group (SSE:600967) announced that it has received approval from the State Council's State-owned Assets Supervision and Administration Commission (SASAC) for its proposed joint investment, alongside related parties, in Xi'an Aisen Technology Group Co., Ltd. The initial proposal was greenlit at the company's 19th board meeting and 14th supervisory board meeting on December 6, 2024. According to the announcement, SASAC issued the "Reply on Matters Concerning the Non-public Agreement Increase of Capital of Xi'an Aisen Technology Group Co., Ltd." (State-owned Property Rights (2025) 183). The company plans to contribute CNY 18,300 million, resulting in a 4.234% stake in Xi'an Aisen Technology Group. The transaction is still subject to shareholder approval and other regulatory procedures.