Luxin Gaoxin (600783) announced on the evening of January 4 that the first application of Tongyu Heavy Industry Co., Ltd., a wholly-owned subsidiary of Shandong High-tech Investment Co., Ltd., had been approved by the China Securities Regulatory Commission. Shandong High-tech Investment Co., Ltd. holds 54 million shares of the company, accounting for 20% of the company's total share capital.
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