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Hangzhou Steam Turbine takeover by Hailianxun Tech approved

June 27, 2025 at 10:44 AM UTCBy FilingReader AI

Hangzhou Steam Turbine Power Group (SZSE: 200771), will be absorbed by Hangzhou Hailianxun Technology (Hirisun) in a share-swap deal, marking a significant step in the company's restructuring. The transaction, structured as Hirisun issuing A shares to Hangzhou Steam Turbine shareholders, will allow Hirisun to assume all assets, liabilities, and operations of Hangzhou Steam Turbine, which will then be delisted.

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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