Anyang Steel to establish vital materials JV

Anyang Steel announced on the evening of August 8 that the company plans to cooperate with Ningbo Yinyike Innovation Materials Co.Asian Metal Copyright76 million.Asian Metal Copyright, Ltd.Asian Metal Copyright will invest RMB6.Asian Metal Copyright, Anyang Frontier Materials Technology Co.Asian Metal Copyright will invest RMB44.Asian Metal Copyright, Ltd.Asian Metal Copyright The final name is subject to the approval of the industrial and commercial registration authority, hereinafter referred to as "joint venture company".Asian Metal Copyright and Henan Lide Energy Saving Materials Co.Asian Metal Copyright will invest RMB44.Asian Metal Copyright, Ltd.Asian Metal Copyright will contribute RMB10 million USD1.Asian Metal Copyright to establish a joint venture in Anyang High-tech Development Zone.Asian Metal Copyright The company is tentatively named Henan Anyin Vital Materials Co.Asian Metal Copyright The company is tentatively named Henan Anyin Vital Materials Co.Asian Metal CopyrightAnyang Steel announced on the evening of August 8 that the company plans to cooperate with Ningbo Yinyike Innovation Materials Co.Asian Metal Copyright, Ltd.Asian Metal Copyright The company is tentatively named Henan Anyin Vital Materials Co.Asian Metal Copyright (The final name is subject to the approval of the industrial and commercial registration authority, hereinafter referred to as "joint venture company").

The announcement shows that the joint venture company has a registered capital of RMB125 million (USD17.76 million).Asian Metal Copyright The final name is subject to the approval of the industrial and commercial registration authority, hereinafter referred to as "joint venture company".Asian Metal Copyright Among them, the company will invest RMB63.Asian Metal Copyright will contribute RMB10 million USD1.Asian Metal Copyright75 million (USD9 million) in currency with 51% shares; Ningbo Yinyike Innovation Materials Co.Asian Metal Copyright .Asian Metal Copyright, Ltd.Asian Metal Copyright to establish a joint venture in Anyang High-tech Development Zone.Asian Metal Copyright will invest RMB44.Asian Metal Copyright The final name is subject to the approval of the industrial and commercial registration authority, hereinafter referred to as "joint venture company".Asian Metal Copyright48 million (USD6 million) with 35.Asian Metal Copyright will invest RMB6.Asian Metal Copyright58% shares; Anyang Frontier Materials Technology Co.Asian Metal Copyright48 million USD6 million with 35.Asian Metal Copyright, Ltd.Asian Metal Copyright .Asian Metal Copyright will contribute RMB10 million (USD1.Asian Metal Copyright, Ltd.Asian Metal Copyright4 million) with 8% shares; Henan Lide Energy Saving Materials Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal CopyrightAnyang Steel announced on the evening of August 8 that the company plans to cooperate with Ningbo Yinyike Innovation Materials Co.Asian Metal Copyright will invest RMB6.Asian Metal Copyright The final name is subject to the approval of the industrial and commercial registration authority, hereinafter referred to as "joint venture company".Asian Metal Copyright78 million (USD963,000) with 5.Asian Metal Copyright75 million USD9 million in currency with 51% shares; Ningbo Yinyike Innovation Materials Co.Asian Metal Copyright42% shares.Asian Metal Copyright Among them, the company will invest RMB63.Asian Metal Copyright The company will be mainly engaged in slaes of silicon steel, steel products and product and steel technology R&D and technical services.

.Asian Metal Copyright The company will be mainly engaged in slaes of silicon steel, steel products and product and steel technology RD and technical services.Asian Metal Copyright