China First Heavy Industries to Absorb Industrial Design Services Subsidiary

MT Newswires Live

2025/01/30

China First Heavy Industries (SHA:601106) plans to absorb and merge with its wholly-owned subsidiary, First Heavy Industries (Heilongjiang) Special Equipment Technology, according to a Shanghai Stock Exchange disclosure on Jan. 24.

The Chinese heavy machinery equipment manufacturer will take over the industrial design services provider's assets and liabilities.

After the absorption, First Heavy Industries will be canceled.

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