Fangda Carbon New Material: Steel company invests 2.45 billion yuan to acquire stakes in multiple companies

Mars Finance News, April 15 — Fangda Carbon announced that on March 23, 2026, its steel enterprise investment, which was established with funding through Nanchang Huxu, signed an “Equity Transfer Agreement” with Song De’an, Dai Lingying, and Tong Xiuyun to purchase equity in multiple companies, including Yunnan Desheng Vanadium Titanium New Materials, for 2.45 billion yuan. On April 15, the steel enterprise investment had paid the first 50% of the payment. The transaction still requires approval for an operator concentration declaration and review, and there is uncertainty as to whether it can ultimately be completed. If completed, the steel enterprise investment will hold controlling stakes in multiple target companies. (Company Announcement)