AYIS terminates the planning of major asset restructuring and changes to selling subsidiary equity to the controlling shareholder
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AYIS announced the termination of its major asset restructuring, citing historical legacy issues regarding the land and property rights of Henan Angang Group Wuyang Mining. The company has decided to sell its equity in Yongtong Company and Yuhe Company to its controlling shareholder Angang Group to enhance profitability and optimize its asset structure. The company stated that the termination of the restructuring will not have a significant adverse impact on future performance and will promote the development strategy of high-end, intelligent, green, and special steel transformation
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