Baodi Mining Acquires 66% Stake in Kaihong Investment for 1.25 Billion Yuan

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Baodi Mining has acquired a 66% equity stake in Kaihong Investment from Shouyi Steel through a public auction on the Beijing Equity Exchange for 1.25 billion yuan, and signed the property rights transaction contract on July 3. After the transaction, Kaihong Investment will become a controlled subsidiary of Baodi Mining and be consolidated into its financial statements.

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Off-coverage companies 2

首钢伊犁钢铁有限公司i
Private▼ NegativeCapitalrelevance

Shouyi Steel sells its 66% stake in Kaihong Investment, losing control and receiving 1.25 billion yuan.

新疆凯宏投资有限公司 (Xinjiang Kaihong Investment Co., Ltd.)i
Private± Mixedrelevance