Shanghai Zhendong Materials Equipment Co., Ltd. agreed to acquired Shanghai Antai-Zhigao Amorphous Metal Co., Ltd. from Advanced Technology & Materials Co., Ltd. (SZSE:000969), Baosteel Group Shanghai No.5 Steel Co., Ltd. and Shanghai Silicon Steel Ltd. for CNY 37.9 million on July 18, 2023.

Shanghai Zhendong Materials Equipment Co., Ltd. completed the acquisition of Shanghai Antai-Zhigao Amorphous Metal Co., Ltd. from Advanced Technology & Materials Co., Ltd. (SZSE:000969), Baosteel Group Shanghai No.5 Steel Co., Ltd. and Shanghai Silicon Steel Ltd. on October 13, 2023.