Taifu pumps (300992.SZ) plans to acquire no less than 51% of the shares of Nanyang Huacheng and obtain the controlling rights of Nanyang Huacheng.

Financial APP news, Telford Pump Industry (300992.SZ) announced that on July 9, 2025, the company signed an "Intention Agreement" with the shareholders of Nanyang Huacheng, Shao Yutian, Feng Jiangping, and Lin Fubin, intending to acquire no less than 51% of Nanyang Huacheng's shares in cash and obtain control of Nanyang Huacheng. The specific acquisition ratio will be subject to the formal agreement. After the completion of this transaction, Nanyang Huacheng will become a subsidiary controlled by the company and will be included in the company's consolidated financial statements.