# 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.

- Type: Acquisition
- Announced: 2025-09-26
- Where: China
- Status: completed
- Products: industrial steam turbines, gas turbines, power IT services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hangzhou Steam Turbine Co., Ltd.](https://endata.com/companies/35422.md) (target)
- [Hailianxun](https://endata.com/companies/87399.md) (acquirer)

## Sources

- [stcn.com](https://www.stcn.com/article/detail/3361577.html), 2025-09-28: "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。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.