IRC Ltd. has announced the disposal of its 46% equity interest in a joint venture company. The transaction was formalized on 28 July 2025, when the company's wholly-owned subsidiary, referred to as the Seller, entered into an Equity Transfer Agreement with Heilongjiang Xianglong International Trade Co., Ltd. (Xianglong), a subsidiary of Jianlong Steel. The deal is valued at RMB32.2 million, equivalent to approximately US$4.5 million. Following the completion of this transaction, IRC Ltd.'s subsidiary will no longer hold any equity interest in the joint venture company.
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