Hailianxun to absorb Hangzhou Steam Turbine in merger approved by CSRC

China's securities regulator approved the merger between Hailianxun (300277) and Hangzhou Steam Turbine (200771), where Hailianxun will issue shares to absorb Hangzhou Steam Turbine. The deal aims to combine industrial turbine machinery with power IT services and facilitate Hangzhou Steam Turbine's B-share to A-share conversion.

“9月26日，杭汽轮B（200771.SZ）与海联讯(300277)并购重组事项获证监会批复，表示同意海联讯增股吸收合并杭汽轮的注册申请。”stcn.com

• 1 source
• stcn.com杭汽轮B与海联讯重组获证监会批复：业务协同筑根基，转A破局启新篇Sep 28, 2025

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