This announcement details the progress of Jietai (Beijing) New Materials Technology Co., Ltd., a wholly-owned subsidiary of Jietai Group, in acquiring a 55% controlling stake in Guangnan County Jinxin Metallurgical Furnace Material Co., Ltd. The acquisition, involving equity transfer and capital increase, was completed with a total investment of RMB 54.34 million. Jinxin Metallurgical Furnace Material Co., Ltd. has now been incorporated into Jietai Group's consolidated financial statements.
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Jietai Group Co., Ltd.
Announcement on Progress of Wholly-owned Subsidiary's Acquisition and Capital Increase to Obtain Controlling Interest in Guangnan County Jinxin Metallurgical Furnace Material Co., Ltd.
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Transaction Overview
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