Fangda Special Steel to acquire 100% equity of Fangda Enterprise Investment
2026-10-19 11:08:10 [Print]
Fangda Special Steel announced on October 16 that, as a limited partner of Nanchang Huxu, the company plans to exit Nanchang Huxu and acquire 100% equity of Jiangxi Fangda Steel Group Enterprise Investment Co., Ltd. held by Nanchang Huxu through a combination of in-kind distribution and cash purchase. Under the arrangement, 99.26% of the target company's equity will be acquired via in-kind distribution, with no additional consideration required, while 0.74% will be purchased in cash. The transaction consideration is calculated based on the listed company's paid-in capital contribution as a limited partner of Nanchang Huxu, totaling RMB3.5 billion (USD523.70 million), while the 0.74% stake in Fangda Enterprise Investment is priced at RMB26 million (USD3.89 million).
Upon completion of the transaction, the company will secure a stable supply channel for vanadium-titanium resources and access to leading vanadium extraction technology, filling gaps in its business portfolio for vanadium-containing high-performance steel and vanadium deep-processing products, and driving its product mix toward higher value-added segments.
Upon completion of the transaction, the company will secure a stable supply channel for vanadium-titanium resources and access to leading vanadium extraction technology, filling gaps in its business portfolio for vanadium-containing high-performance steel and vanadium deep-processing products, and driving its product mix toward higher value-added segments.
Ferro-titanium 70%min IW Rotterdam
Unit:USD/kg Ti
China titanium dioxide producers' sales to production ratio statistics by province by month
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