TISCO to acquire 51% stake in Shandong Xinhai Industrial

Shanxi Taigang Stainless Steel (TISCO) will invest 392.7 million yuan to acquire a 51% stake in Shandong Xinhai Industrial, forming a joint venture with Linyi Xinhai New Material to produce 300-series stainless steel.

“此次增资完成后，公司持有鑫海实业51%股权，鑫海新材料持有鑫海实业49%股权。”news.smm.cn

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