Neway Valve acquires full ownership of Dongwu Machinery subsidiary

Suzhou Neway Valve Co., Ltd. (Neway Valve) announced the successful completion of industrial and commercial registration for its acquisition of the remaining 40% equity in its subsidiary, Wujiang City Dongwu Machinery Co., Ltd. (Dongwu Machinery). Following this transaction, Dongwu Machinery is now a wholly-owned subsidiary of Neway Valve, holding 100% of its equity.

The acquisition, approved by the Fifth Board of Directors and Supervisors in November 2025, involved Neway Valve using its own funds to purchase the 40% stake for 139 million yuan. This strategic move solidifies Neway Valve's control over Dongwu Machinery, which maintains a registered capital of 63.6 million yuan.

The updated business license for Dongwu Machinery has been issued by the Wujiang District Data Bureau of Suzhou City, reflecting the change in ownership structure. Dongwu Machinery's operations, including the production and sale of valves, tools, and mechanical parts, along with related technical services and import/export business, will continue under the new ownership.