Biejiete Group's wholly-owned subsidiary, Biejiete Beijing New Material Technology, has completed the equity transfer and capital increase registration for Guangnan County Jinxin Metallurgy Furnace Charge, officially holding a 55% stake in Jinxin Metallurgy, which will now be consolidated into the company's financial statements. The total transaction consideration is RMB 54.34 million, comprising RMB 30.89 million for a 41% equity acquisition and an additional RMB 23.45 million capital injection, resulting in a combined 55% holding. Jinxin Metallurgy's registered capital has increased to RMB 7.8675 million, with Hu Shibing as legal representative, and its business scope includes metal ore sales, non-metallic mineral and product sales, and metal material sales.
BGT Group Co. Ltd.Subsidiary completes acquisition of 55% stake in Jinxin Metallurgy, expanding business scope and consolidating financials.
Jinxin Metallurgy receives capital injection and equity transfer, increasing registered capital and becoming a subsidiary of Biejiete.
