SMEIC plans to list and transfer 67% equity of its holding subsidiary, SMEIC Welding Materials
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SMEIC plans to publicly transfer 67% of its controlling subsidiary, SMEIC Welding Materials, through the Shanghai United Assets and Equity Exchange, with a listing price of 291 million yuan. The production site of SMEIC Welding Materials has been reclaimed by the government in 2024 and can no longer continue production. Due to strategic adjustments, the company has decided to exit the high-pollution, high-energy-consumption welding materials industry
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