Xinjiang Baodi Mining Co. Ltd. A601121
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Baodi Mining acquires 66% stake in Kaihong Investment for 1.25 billion yuan, gaining control and consolidation.

Baodi Mining has acquired a 66% equity stake in Kaihong Investment from Shouyi Steel through a public auction on the Beijing Equity Exchange for 1.25 billion yuan, and signed the property rights transaction contract on July 3. After the transaction, Kaihong Investment will become a controlled subsidiary of Baodi Mining and be consolidated into its financial statements.
Xinjiang Baodi Mining Co. Ltd. ABaodi Mining acquires 66% stake in Kaihong Investment for 1.25 billion yuan, gaining control and consolidation.
Shouyi Steel sells its 66% stake in Kaihong Investment, losing control and receiving 1.25 billion yuan.