Huarei Precision Plans to Acquire 100% Stake in Xinfeng Huarei for 45 Million Yuan

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Huarei Precision announced that the company will acquire a 100% stake in Xinfeng Huarei Tungsten and Molybdenum New Materials Co., Ltd. through its participation in the bankruptcy reorganization of the target company, using self-raised funds of 45 million yuan. Xinfeng Huarei will become a wholly-owned subsidiary and be included in the consolidated financial statements. This investment aims to improve the industrial chain layout, achieve resource sharing, and enhance market competitiveness.

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信丰华锐钨钼新材料有限公司i
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Being acquired by Huarei Precision through bankruptcy reorganization, becoming a wholly-owned subsidiary.