Chengtun Mining to acquire 100% equity of Zhonghe Nickel for RMB191 million
2022-12-15 17:25:07 [Print]
Chengtun Mining announced on December 14, to further expand the company's new energy battery nickel material business, it intends to purchase 100% of the equity of Zhonghe Nickel Industry Co
. , Ltd . by way of cash . The consideration of the transaction is RMB191 million (USD27 million) . Held by Chengdu Electrometallurgical Co . , Ltd . , Zhonghe Nickel is an entity enterprise with rich experience in nickel smelting . It adopts the technique of oxygen-rich side-blowing to smelt high-ice nickel, with a maximum annual production capacity of 8,000 tons of high-ice nickel.