Taiyuan Heavy eyes Axelor & Xiangming acquisition

Taiyuan Heavy Industry [SSE:600169] has received an asset valuation report concerning its planned acquisition of a combined 16% equity interest in Shanxi Axelor Technology Co., Ltd. and Taiyuan Heavy Industry Xiangming Intelligent Equipment Co., Ltd. The shares are currently held by Fan Xiangmin. The valuation report, prepared by Beijing Zhongtianhua Asset Appraisal Co., Ltd. and dated May 18, 2025, assesses the equity interests as of March 31, 2025.