Qunxing Toys set to take full control of Sichuan Sanzhou

Guangdong Qunxing Toys Joint-Stock Co Ltd, one of China's largest electronic and battery-operated toymakers, is to take full control of Sichuan Sanzhou SCMP Nuclear Equipment Manufacture Incorporation.

Established in 2000, Sichuan Sanzhou supplies the nuclear power, military and petrochemicals industries.

Sichuan Sanzhou Special Steel Pipe Co Ltd previously owned 80 percent of the company, with the remaining 20 percent held by the Nuclear Power Institute of China.