Xinxing Ductile Iron Pipes subsidiary acquires 100 percent of JYCRS shares

China steel plant Xinxing Ductile Iron Pipes Co., Ltd. Hebei-based Xinxing Ductile Iron Pipes announced that it has approved the acquisition of 100 percent of the shares of Jiangyin China Resources Steelmaking Co., Ltd. by its subsidiary, Wuhu Xinxing Ductile Iron Pipes of Anhui Province. (JYCRS) from Jiangsu Province for Yuan. 1.244 billion ($0.18 billion).

Accordingly, JYCRS changed its name to Jiangyin Xinxing Special Steel.