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Taigang Stainless plans to increase the capital of Xinhai Industry by 392.7 million yuan, holding 51% equity.

Taigang Stainless announced on the evening of April 17th that Shanxi Taigang Stainless Steel Co., Ltd. (hereinafter referred to as “the Company” or “Taigang Stainless”) signed a capital increase agreement between Shanxi Taigang Stainless Steel Co., Ltd. and Linyi Xinhai New Materials Co., Ltd. (hereinafter referred to as Xinhai New Materials) and Shandong Xinhai Industrial Co., Ltd. (hereinafter referred to as Xinhai Industry) After this capital increase, the company holds 51% equity of Xinhai Industry, and Xinhai New Materials holds 49% equity of Xinhai Industry.


Post time: Apr-19-2022