Asia
Jiangxi Tungsten Rare and Precious Equipment Adjusts Performance Targets in Proposed Acquisition
Jiangxi Tungsten Rare and Precious Equipment (SHA:600397) revised performance commitments for its proposed acquisition of three subsidiaries from parent Jiangxi Tungsten Holding.The move followed a tax rate correction for target company Jiangying to 25% from 15%, according to a weekend filing with the Shanghai bourse.The adjustment lowers 2026-2029 profit share targets for income approach assets including patents and software.Shares of the company rose 1% Monday.
SHA:600397
