China Nonferrous Metal's affiliate, China Ruilin, to IPO

China Nonferrous Metal Industry's Foreign Engineering And Construction (SZSE:000758) announced that its affiliate, China Ruilin Engineering Technology, will debut on the Shanghai Stock Exchange Main Board on April 8, 2025, under the stock code 603257. The IPO is priced at CNY 20.52 per share. China Nonferrous Metal currently holds 23.00% of China Ruilin's total share capital before the IPO, which will represent 17.25% after the offering. The shares held by China Nonferrous Metal will be subject to a lock-up period of 36 months from the listing date. China Nonferrous Metal accounts for its investment in China Ruilin under the "long-term equity investment" item using the equity method. The company states that the share price fluctuation will not directly impact its current profit and loss.