Dec 11, 2020 07:06 PM (GMT+8) · EqualOcean
St Antai announced that Shanxi Xintai Fuan New Material Co., Ltd. ("the target company") is a subsidiary invested and established by the related party Shanxi Xintai iron and Steel Co., Ltd. ("Xintai iron and steel"). After negotiation with Xintai iron and steel, the company plans to transfer 18% equity of Fuan Xincai held by Xintai iron and steel with cash of 216 million yuan according to the proportion of registered capital contribution of the target company.