Longyuan International Investment Development Co., Ltd. acquired additional 41% stake in Zhejiang Dinghong Technology Development Co., Ltd. from Hang Xiao Steel Structure Co.,Ltd for CNY 37.2 million.
May 16, 2023
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Longyuan International Investment Development Co., Ltd. acquired additional 41% stake in Zhejiang Dinghong Technology Development Co., Ltd. from Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) for CNY 37.2 million on May 16, 2023. Longyuan International Investment Development financed the transaction through its own funds. Zhejiang Dinghong Technology Development Co., Ltd. reported total assets and net assets of CNY 73.71 million and 63.83 million respectively on March 31, 2023. Hang Xiao Steel Structure Co.,Ltd board pf directors approved the transaction.
Longyuan International Investment Development Co., Ltd. completed the acquisition of additional 41% stake in Zhejiang Dinghong Technology Development Co., Ltd. from Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) on May 16, 2023.
HANG XIAO STEEL STRUCTURE CO., LTD, formerly Zhejiang Hangxiao Steel Structure Co., Ltd., is a China-based company, principally engaged in the design, manufacture and installation of steel structure products. The Company's products include multi- and high-floor steel structure products, lightweight steel structure products, space steel structure products and construction materials. The Company is also engaged in the sales of real estate and property management businesses. It distributes its products within domestic market and to overseas markets.
Longyuan International Investment Development Co., Ltd. acquired additional 41% stake in Zhejiang Dinghong Technology Development Co., Ltd. from Hang Xiao Steel Structure Co.,Ltd for CNY 37.2 million.
HANG XIAO STEEL STRUCTURE CO.,LTD 
