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Taiyuan Heavy Industry to acquire smart equipment company

June 16, 2025 at 12:28 PM UTCBy FilingReader AI

** Taiyuan Heavy Industry (SSE:600169) is set to acquire a 67% equity stake in Taiyuan Heavy Industry Group Xiangming Intelligent Equipment Co. The transaction, valued at CNY299,515,795, would see Taiyuan Heavy Industry Group transfer its 51% ownership non-publicly to Taiyuan Heavy Industry, who would also buyout from Shanxi Aokaisen Technology and Fan Xianmin, and would see Taiyuan Heavy Industry increase its stake in the company. The move was approved at the company's board meeting on June 12, 2025. The asset appraisal report estimates the company's assets value at CNY44,703.85. Furthermore, Shanxi province's annual salary requirements will raise the Independent Director's salary, as approved on June 12. The new wage will be CNY80,000, and the new directors were also named. These decisions reflect Taiyuan Heavy Industry's efforts to optimize its asset structure, secure investment confidence, drive continuous performance improvement, and comply with regulatory standards.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Supplementary Source Documents

Announcement of Taiyuan Heavy Industry on the Acquisition of 67% Equity of Taizhong Group Xiangming Intelligent Equipment Co., Ltd. and Related TransactionsJune 13, 2025 at 08:00 AM UTC
Taiyuan Heavy Machinery Group Co., Ltd. intends to transfer its 51% equity interest in Taizhong Group Xiangming Intelligent Equipment Co., Ltd. to Taiyuan Heavy Industry Co., Ltd. through a non-public agreement. Asset valuation report on the value of some of the shareholders' equity interests in Taizhong Group Xiangming Intelligent Equipment Co., Ltd.June 13, 2025 at 08:00 AM UTC
Taiyuan Heavy Machinery Group Co., Ltd. intends to transfer its 51% equity interest in Taizhong Group Xiangming Intelligent Equipment Co., Ltd. to Taiyuan Heavy Industry Co., Ltd. through a non-public agreement. Asset valuation report on the value of some of the shareholders' equity interests in Taizhong Group Xiangming Intelligent Equipment Co., Ltd.June 13, 2025 at 08:00 AM UTC
Announcement of Taiyuan Heavy Industry on the Acquisition of 67% Equity of Taizhong Group Xiangming Intelligent Equipment Co., Ltd. and Related TransactionsJune 13, 2025 at 08:00 AM UTC
Announcement of Resolutions of the First Interim Meeting of the Tenth Board of Directors of TYHI in 2025June 13, 2025 at 08:00 AM UTC
Announcement of Resolutions of the First Interim Meeting of the Tenth Board of Directors of TYHI in 2025June 13, 2025 at 08:00 AM UTC
Announcement of Taiyuan Heavy Industry on Purchasing Directors and Senior Managers Liability InsuranceJune 13, 2025 at 08:00 AM UTC
Announcement of Taiyuan Heavy Industry on Purchasing Directors and Senior Managers Liability InsuranceJune 13, 2025 at 08:00 AM UTC
Special Audit Report on Taizhong Group Xiangming Intelligent Equipment Co., Ltd.June 13, 2025 at 08:00 AM UTC
Special Audit Report on Taizhong Group Xiangming Intelligent Equipment Co., Ltd.June 13, 2025 at 08:00 AM UTC
Announcement of Taiyuan Heavy Industry on Adjustment of Independent Directors' RemunerationJune 13, 2025 at 08:00 AM UTC
Asset valuation report on the value of the equity interests of Taiyuan Heavy Industry Co., Ltd. in connection with its proposed acquisition of a total of 16% of the equity interests of Shanxi Axelor Technology Co., Ltd. and Taiyuan Heavy Industry Xiangming Intelligent Equipment Co., Ltd. held by Fan XiangminJune 13, 2025 at 08:00 AM UTC
Notice of Taiyuan Heavy Industry on convening the third extraordinary shareholders' meeting in 2025June 13, 2025 at 08:00 AM UTC
SSE:600169Shanghai Stock Exchange
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