Xining Special Steel to Absorb Unit

MT Newswires Live

2024/12/13

Xining Special Steel (SHA:600117) finalized the absorption-type merger of its fully-owned subsidiary, Qinghai Xigang Special Steel Technology, covering all of its assets, liabilities, and operations, according to a Friday filing with the Shanghai bourse.

The merger, approved earlier this year, aims to streamline management, improve efficiency, and reduce costs.

Once merged, Qinghai Xigang Special Steel Technology will no longer be a legal entity.

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