Taiyuan Heavy Industry to acquire smart equipment company
** 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
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