Taiyuan Heavy Industry (stock code: 600169.SH) plans to acquire a 67% stake in Taizhong Xiangming for 300 million yuan.

Zhijing Finance APP News, Taiyuan Heavy Industry (600169.SH) announced that in order to achieve the high-quality development of the company, further optimize asset allocation and enhance overall competitiveness, the controlling shareholder of the company, Taiyuan Heavy Machinery Group Co., Ltd. (referred to as "Taiyuan Heavy Group"), intends to transfer 51% of the equity held by Taiyuan Heavy Group to Taiyuan Intelligent Equipment Co., Ltd. (referred to as "Taiyuan Xiangming") in a non-public agreement manner. At the same time, the company will acquire 16% of the equity held by Shanxi Aikesail Technology Co., Ltd. (referred to as "Aikesail Company") and Mr. Fan Xiangmin, a natural person, for a total of 67% of the equity of Taiyuan Xiangming. The total transaction price is approximately 300 million yuan, all of which will be paid in cash.