Xinyu Iron and Steel to separate subsidiary Xinhua Metals to go public in Shanghai Stock Exchange
2020-10-21 11:33:56 [Print]
Xinyu Iron and Steel announced on October 20 that the company planned to separate its holding subsidiary Xinhua Metals to go public in Shanghai Stock Exchange
. After this separation, the shareholding structure of Xinyu Iron and Steel will not change and Xinyu Iron and Steel will maintain its control on Xinhua Metals . By this separation, Xinhua Metals will go public independently as a platform that focuses on the research and development, production and sales of steel strand for high-strength low-relaxation prestressed concrete and enhance its financial strength through IPO.