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Tuoshan Heavy Industry: Plans to acquire a 51% stake in New Open Source for 219 million yuan
Tuoshan Heavy Industry Announcement: The company has signed an Equity Acquisition Agreement with Wang Haiqiao, Liu Xijie, Song Zechao, and others, intending to acquire a 51% stake in Henan Xinkaiyuan Petrochemical Pipeline Co., Ltd. through cash payment. The purchase price for the equity is 219 million RMB. After this acquisition is completed, Xinkaiyuan will become a controlling subsidiary of the company and will be included in the company’s consolidated financial statements.