Tianjin Youfa Steel Pipe Group Sales Co., Ltd. announced that it has received CNY 59.7168 million in funding from Tianjin You Fa Steel Pipe Group Stock Co., Ltd. and other investors

On May 22, 2023, Tianjin Youfa Steel Pipe Group Sales Co., Ltd. closed the transaction. Tianjin You Fa Steel Pipe Group Stock Co., Ltd., Li Wenhao and Li Maoying now hold 69.17%, 9.06% and 4.53% stake in the company respectively,