Taiyuan Heavy Industry to transfer 20% equity in Taiyuan Metro
2021-02-04 16:55:55 [Print]
Taiyuan Heavy Industry announced on February 3 that the company intends to transfer its 20% equity in Taiyuan Metro at a transfer price of RMB548,436,800 (USD84,898,017) to TISCO Stainless Steel
. After this equity transfer, the company still holds 80% equity of Taiyuan Metro and is the controlling shareholder of Taiyuan Metro . This equity cooperation will help the company and upstream suppliers to build a full industrial chain system of "raw material supply-manufacturing-full chain service".