Xining Special Steel gets green light for control shift
Xining Special Steel (SSE:600117) is poised for a shift in its governance structure, with its current controlling shareholder, Tianjin Jianlong Iron and Steel Industrial, set to increase its stake in the company. The transaction involves a share issuance to Tianjin Jianlong, potentially raising its ownership to 40.52% of Xining Special Steel's total equity. This move comes with the approval to waive a mandatory tender offer, a key step in streamlining the process for Tianjin Jianlong to solidify its control.
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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