Rongfa Nuclear Equipment (SHE:002366) unit Yantai Manul High-Temperature Alloy completed the implementation of its reorganization, according to a Shenzhen bourse filing on Tuesday.
The Laishan District People's Court of Yantai City, Shandong Province, China, confirmed the reorganization's completion.
After the revamp, the Chinese energy equipment manufacturer, through subsidiary Yantai Taishan Nuclear Power, holds 93.6% of Yantai High-Temp Alloy.
Rongfa Nuclear Equipment's shares dropped less than 3% during Tuesday's midday trade.
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