en.Wedoany.com Reported - Fujian Dadonghai Industrial Group Co., Ltd. recently acquired a 60% stake in Fujian Sanshan (Group) Nanping Steel Co., Ltd. through equity acquisition, becoming its controlling shareholder. Fujian Sanshan Group's stake decreased from 51% to 20.4%. Dadonghai Group has thus officially secured control of Fujian Sanshan (Group) Nanping Steel Co., Ltd.

Fujian Sanshan (Group) Nanping Steel Co., Ltd. was established on April 29, 1996, with legal representative Yu Chen and a registered capital of 120 million yuan. Located in Taiping Industrial Zone, Nanping City, the company is primarily engaged in steel and iron smelting and steel rolling processing. Dadonghai Group is a comprehensive enterprise group integrating steel manufacturing, real estate, construction, property management, shipping, and trade. Its chairman is Lin Guojing. The group owns over 30 enterprises, including Hebei Donghai Special Steel, Fujian Dadonghai Industrial, and Fujian Dadonghai Real Estate, with more than 20,000 employees. It has been listed among China's Top 500 Enterprises, China's Top 500 Manufacturing Enterprises, and China's Top 500 Private Enterprises.

Alongside the equity acquisition, Dadonghai Group's own industrial upgrade projects are steadily advancing. The Dadonghai Carbon-based Cold-rolled New Material Supporting Project, located in Songxia Town, Changle District, involves a total investment of approximately 23 billion yuan. It adopts the world-leading ESP endless rolling process, filling a gap in Fujian Province's cold-rolling sector. Once operational, it is expected to achieve an annual output value of about 35 billion yuan. On March 25, 2026, the Fujian Provincial Development and Reform Commission approved the Dadonghai 1×100MW High-Efficiency Ultra-Supercritical Coal Gas Power Generation Project.