Shanxi Taigang Stainless Steel (SHE:000825) will contribute its stake in Baowu Water Technology to Baowu Group Environmental Resources Technology as part of a major related-party transaction.
The company's 11.837% interest in Baowu Water Technology is valued at about 361.8 million yuan.
Following the capital injection, Shanxi Taigang Stainless Steel will hold 3.91% of Baowu Environment, which will see its registered capital rise to 1.04 billion yuan.
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