Unigroup Xue to reorganize Tianshan Aluminum
2018-10-12 15:46:38 [Print]
Xiamen Unigroup Xue Co., Ltd. held a meeting on major asset reorganization in Shenzhen Stock Exchange on October 11th, introducing its scheme about acquiring asset by issuing shares and cash payment and the related transactions. In accordance with the reorganization plan, Unigroup Xue is about to acquire 100% shares of Tianshan Aluminum from 18 companies including Jinlong Energy by issuing shares and cash payment with the initial transaction price at RMB23.6 billion. Meanwhile, Unigroup Xue will dispose assets of Xueda.Com and Xueda Information. Tianshan Aluminum will become a wholly-owned subsidiary of a listed company after the transaction is finished.
Aluminum Ingot 99.7%min In warehouse Wuxi
Unit:RMB/mt
China primary aluminum producers' sales to production ratio statistics by province by month
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