Huaxiang Group's subsidiary to acquire 100% equity of Jinyuan Industrial

Huaxiang Group announced that its subsidiary Yicheng New Materials Co.Asian Metal Copyright .Asian Metal Copyright, Ltd.Asian Metal Copyright Huaxiang Group mainly produces raw materials such as pig iron, scrap steel, etc.Asian Metal Copyright plans to invest 334 million yuan (51 million US dollars) in cash to acquire 100% of the shares held by Guo Xiaoyan and others in Jinyuan Industrial.Asian Metal Copyright while Jinyuan Industrial focuses on the pig iron smelting business.Asian Metal Copyright Huaxiang Group mainly produces raw materials such as pig iron, scrap steel, etc.Asian Metal Copyright plans to invest 334 million yuan 51 million US dollars in cash to acquire 100% of the shares held by Guo Xiaoyan and others in Jinyuan Industrial.Asian Metal Copyright while Jinyuan Industrial focuses on the pig iron smelting business.Asian Metal CopyrightHuaxiang Group announced that its subsidiary Yicheng New Materials Co.Asian Metal Copyright After the acquisition of Jinyuan Industrial, Huaxiang Group will realize the strategic layout in the upstream indudstry and could ensure the supply of pig iron resource to shorten production process.

.Asian Metal CopyrightHuaxiang Group announced that its subsidiary Yicheng New Materials CoAsian Metal Copyright