Yodoko Completes Sale of Majority Stake in Chinese Steel Subsidiary

MT Newswires Live

Sep 02

Yodoko (TYO:5451) has finalized the sale of 95% of its equity interest in consolidated subsidiary Yodogawa-Shengyu (Hefei) High-Tech Steel (YSS) to Hebei Xinjin Wanli New Material Science & Technology on Sept. 2.

The transaction includes Yodoko's direct 74.09% stake and its subsidiary Sheng Yu Steel's (SYSCO) entire 20.91% holding, reducing Yodoko's post-sale ownership to just 5% with no remaining SYSCO interest.

The total selling price stands at 232.8 million yuan, with Yodoko receiving 181.5 million yuan and SYSCO 51.23 million yuan, according to bourse filing on Wednesday.

As a result, YSS will be removed from Yodoko's consolidated operations, with the financial impact already incorporated into the company's forecasts for the fiscal year ending March 2027.

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Technology on Sept. 2.</p><p>The transaction includes Yodoko's direct 74.09% stake and its subsidiary Sheng Yu Steel's (SYSCO) entire 20.91% holding, reducing Yodoko's post-sale ownership to just 5% with no remaining SYSCO interest.</p><p>The total selling price stands at 232.8 million yuan, with Yodoko receiving 181.5 million yuan and SYSCO 51.23 million yuan, according to bourse filing on Wednesday.</p><p>As a result, YSS will be removed from Yodoko's consolidated operations, with the financial impact already incorporated into the company's forecasts for the fiscal year ending March 2027.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4187","symbol_name":"航天航空与国防","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2664909848","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664909848","pubTimestamp":1788341231,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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