Bengang Steel Plates completes acquisition of Hengda Logistics

Bengang Steel Plates Co., Ltd. (SZSE:000761) has finalized its acquisition of a 100% stake in Hengda Logistics, a subsidiary previously owned by Bengang Steel Group. The transaction, initially approved on December 23, 2024, involved a cash purchase for RMB 150 million. Hengda Logistics has completed its business registration update with the Pingshan District Market Supervision and Administration Bureau of Benxi City, reflecting the change in ownership and confirming Zhao Zhidong as the legal representative. The acquisition expands Bengang Steel Plates' operations into logistics, including road freight, warehousing, and related services. Hengda Logistics' registered address is 103 Yongfeng Street, Pingshan District, Benxi City, Liaoning Province.