---
title: "Xuefeng Sci-Tech (Group) plans to acquire 51% equity of Shengshi Putian for 154 million yuan, which mainly engages in integrated services for on-site mixed blasting"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250397733.md"
description: "Xuefeng Sci-Tech (Group) plans to acquire 51% equity of Shengshi Putian for 154 million yuan. After the acquisition, Shengshi Putian will become its subsidiary. Shengshi Putian mainly engages in on-site mixed blasting services, with an annual production capacity of 45,000 tons and relevant construction qualifications"
datetime: "2025-07-28T11:16:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250397733.md)
  - [en](https://longbridge.com/en/news/250397733.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250397733.md)
---

# Xuefeng Sci-Tech (Group) plans to acquire 51% equity of Shengshi Putian for 154 million yuan, which mainly engages in integrated services for on-site mixed blasting

According to the announcement from Zhitong Finance APP, Xuefeng Sci-Tech (Group) (603227.SH) plans to acquire 51% equity of Shengshi Putian held by Hongda Engineering through a non-public agreement transfer, using its own funds of 154 million yuan. Upon completion of the acquisition, Xuefeng Sci-Tech will hold 51% equity of Shengshi Putian, which will become a controlling subsidiary of the company.

The announcement shows that Shengshi Putian mainly engages in integrated blasting services for on-site mixed explosives (using self-produced mixed explosives and purchased finished explosives), with an annual production capacity of 45,000 tons of mixed explosives. It also holds a first-level qualification for blasting operation units and a second-level qualification for general contracting of mining engineering construction

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