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Youfa Group announced that on June 1, 2026, the company plans to acquire 53% of Cangzhou Longtaidi Pipeline Technology Co., Ltd.'s shares with 672 million yuan in cash. After completion, the company will be included in the scope of the consolidated statement. Recently, the company received the State Administration of Market Supervision and Administration's “Decision not to Prohibit Centralized Antitrust Examination by Operators”. The acquisition is not prohibited, and the company can implement centralization from now on.
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Youfa Group announced that on June 1, 2026, the company plans to acquire 53% of Cangzhou Longtaidi Pipeline Technology Co., Ltd.'s shares with 672 million yuan in cash. After completion, the company will be included in the scope of the consolidated statement. Recently, the company received the State Administration of Market Supervision and Administration's “Decision not to Prohibit Centralized Antitrust Examination by Operators”. The acquisition is not prohibited, and the company can implement centralization from now on.
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