Asia
Hang Xiao Steel Structure Restructures Capital of Two Subsidiaries
Hang Xiao Steel Structure (SHA:600477) approved a capital reduction of 100 million yuan for wholly-owned subsidiary Intelligent Manufacturing, trimming its registered capital to 600 million yuan.The company will also inject 35 million yuan into Bozhou Hangxiao, raising its capital to 280 million yuan, according to a Friday filing with the Shanghai bourse.The moves aim to optimize resource allocation and boost operational efficiency.Intelligent Manufacturing posted losses in 2024 and 2025, while Bozhou Hangxiao swung to a profit of 7.8 million yuan in 2025.Shares of the steel structure building developer closed 2% lower Friday.
SHA:600477
