DA MING INT'L (ASX: 01090) has announced that its wholly-owned indirect subsidiary, Jiangsu Daming, has entered into an investment agreement with Chongqing Iron & Steel Company Limited (ASX: 601005), an independent investor, and Chongqing Daming.

Under the terms of the agreement, Chongqing Iron & Steel and the independent investor, Chongqing Changshou Port International Logistics, have conditionally agreed to inject RMB 24.73 million and RMB 9.89 million, respectively, into Chongqing Daming. These investments will secure registered capital contributions of RMB 25 million and RMB 10 million for each party.

Upon completion of these transactions, the company's indirect beneficial interest in Chongqing Daming, held through Jiangsu Daming, will be diluted from 100% to 65%. The new ownership structure will see Chongqing Iron & Steel holding a 25% stake, with the independent investor owning 10%.

The collaboration aims to merge production capacity, technology, capital, and market resources from Jiangsu Daming and Chongqing Iron & Steel. It will also leverage the independent investor's specialized expertise and resource integration capabilities in port operations and logistics. Through their respective equity stakes in Chongqing Daming, the parties intend to jointly establish a competitive metal processing business environment, stimulate regional economic growth, and enhance industrial competitiveness.