Shanxi Taigang Stainless Steel to Take 20% Stake in Xinzhou Thermal Power Under Debt Settlement

MT Newswires Live

7 hours ago

Shanxi Taigang Stainless Steel (SHE:000825) agreed to acquire 20% of Xinzhou Thermal Power for 165.4 million yuan through a court-mandated debt-for-equity swap, recovering part of a 226-million-yuan payment default by Shanxi Xinbang Trading.

The move follows two failed auctions and ongoing judicial sale proceedings, according to a Thursday filing with the Shenzhen bourse.

The steelmaker will apply the judicially set price against Shanxi Xinbang Tradings unpaid goods obligation from January 2022.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2610732914"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2610732914\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2610732914?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-12 15:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2610732914","market":"us","top_or_hot":-1,"title":"Shanxi Taigang Stainless Steel to Take 20% Stake in Xinzhou Thermal Power Under Debt Settlement","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/000825\">Shanxi Taigang Stainless Steel</a> (SHE:000825) agreed to acquire 20% of Xinzhou Thermal Power for 165.4 million yuan through a court-mandated debt-for-equity swap, recovering part of a 226-million-yuan payment default by Shanxi Xinbang Trading.</p><p>The move follows two failed auctions and ongoing judicial sale proceedings, according to a Thursday filing with the Shenzhen bourse.</p><p>The steelmaker will apply the judicially set price against Shanxi Xinbang Tradings unpaid goods obligation from January 2022.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shanxi Taigang Stainless Steel to Take 20% Stake in Xinzhou Thermal Power Under Debt Settlement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShanxi Taigang Stainless Steel to Take 20% Stake in Xinzhou Thermal Power Under Debt Settlement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-02-12 15:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/000825\">Shanxi Taigang Stainless Steel</a> (SHE:000825) agreed to acquire 20% of Xinzhou Thermal Power for 165.4 million yuan through a court-mandated debt-for-equity swap, recovering part of a 226-million-yuan payment default by Shanxi Xinbang Trading.</p><p>The move follows two failed auctions and ongoing judicial sale proceedings, according to a Thursday filing with the Shenzhen bourse.</p><p>The steelmaker will apply the judicially set price against Shanxi Xinbang Tradings unpaid goods obligation from January 2022.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4084","symbol_name":"特种房地产投资信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2610732914","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610732914","pubTimestamp":1770880521,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shanxi Taigang Stainless Steel  agreed to acquire 20% of Xinzhou Thermal Power for 165.4 million yuan through a court-mandated debt-for-equity swap, recovering part of a 226-million-yuan payment default by Shanxi Xinbang Trading.The move follows two failed auctions and ongoing judicial sale proceedings, according to a Thursday filing with the Shenzhen bourse.The steelmaker will apply the judicially set price against Shanxi Xinbang Tradings unpaid goods obligation from January 2022.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","BK0028":"国家队","BK0044":"CDM项目","000825":"太钢不锈","BK0183":"MSCI概念","PW":"Power REIT","BK0188":"融资融券","BK0212":"黑色加工"},"translate_title":"山西太钢不锈债务清偿将入股忻州热电20%股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"000825":0.9,"PW":1.5},"content_text":"Shanxi Taigang Stainless Steel (SHE:000825) agreed to acquire 20% of Xinzhou Thermal Power for 165.4 million yuan through a court-mandated debt-for-equity swap, recovering part of a 226-million-yuan payment default by Shanxi Xinbang Trading.The move follows two failed auctions and ongoing judicial sale proceedings, according to a Thursday filing with the Shenzhen bourse.The steelmaker will apply the judicially set price against Shanxi Xinbang Tradings unpaid goods obligation from January 2022.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}