CITIC Pacific Special Steel Group's wholly owned subsidiary Taifu Kechuang Special Steel Shanghai has completed all delivery work for its acquisition of a 100% stake in Fujingte Limited from Guangzhou Airport Industry Investment Group for 1.51 billion yuan. Taifu Kechuang has paid the full transaction consideration, and Fujingte has updated its register of members, becoming an indirectly held wholly owned subsidiary of the company and being included in the company's consolidated financial statements. Fujingte is the wholly controlling shareholder of Stemcor Global Holdings Limited and, through Stemcor Holdings, holds 33 subsidiaries and multiple branches or representative offices under it. The transaction was first disclosed on 31 December 2025, and the company said all closing conditions had been satisfied and all delivery procedures had been completed.
CITIC Pacific Special Steel Group Co LtdCompleted acquisition of Fujingte for 1.51 billion yuan, expanding its subsidiary network.
