Fangda Special Steel has announced plans to acquire 100% of the equity of Jiangxi Fangda Steel Group Enterprise Investment Co., Ltd., according to a company announcement dated October 16, 2026, as reported by Asian Metal. The transaction is linked to the listed company's position as a limited partner in Nanchang Huxu. Fangda Special Steel plans to exit Nanchang Huxu, and the stake in the target company currently held by the partnership will be transferred to the company through a combination of in-kind distribution and cash purchase.
Under the arrangement, 99.26% of the target company's equity will be acquired via in-kind distribution, with no additional consideration required. The remaining 0.74% will be purchased in cash. The transaction consideration is calculated on the basis of the listed company's paid-in capital contribution as a limited partner of Nanchang Huxu.
According to the announcement, completion of the transaction would give Fangda Special Steel a stable supply channel for vanadium-titanium resources and access to leading vanadium extraction technology. The company stated that the deal would fill gaps in its business portfolio for vanadium-containing high-performance steel and vanadium deep-processing products, and move its product mix toward higher value-added segments. Source: Asian Metal, "Fangda Special Steel to acquire 100% equity of Fangda Enterprise Investment", 19 October 2026 (asianmetal.com).
Source: asianmetal.com