HUAIBEI GD CO (02450): Restructuring at Controlling Shareholder Level

Stock News
Dec 02, 2025

HUAIBEI GD CO (02450) announced that the company has been informed of the following developments: (i) Huaibei Hongjian Construction Engineering Co., Ltd. has been renamed Huaibei Xinghuai Holdings Co., Ltd. (Xinghuai Holdings) and has been transferred to the Huaibei State-owned Assets Supervision and Administration Commission. As of the date of this announcement, Xinghuai Holdings is wholly owned by the Huaibei SASAC; and (ii) Xinghuai Mining was established on November 25, 2025. As of the date of this announcement, Xinghuai Mining is wholly owned by Xinghuai Holdings, which in turn is wholly owned by the Huaibei SASAC.

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