FilingReader Intelligence
Xinxing Ductile Iron Pipes divests 51% Xinjiang subsidiary
July 23, 2025 at 01:52 PM UTC•By FilingReader AI
Xinxing Ductile Iron Pipes will publicly list 51% of subsidiary Urumqi Mining for minimum 205m yuan. The subsidiary has been inactive due to policy and environmental constraints.
The company expects to recover 73.7m yuan from equity transfer and 131m yuan from claims, generating estimated equity appreciation of 63.5m yuan.
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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