Subsidiary of China Minmetals Corporation to transfer tin industry company
2017-08-09 17:26:37 [Print]
According to listing information of SUAEE, The 23rd Metallurgical Construction Group Co., Ltd. of Minmetals, a subsidiary of China Minmetals Corporation, plans to transfer 100% shares and RMB280 million of debt of Guiyang Tin Industry Co., Ltd. of Minmetals (“target company” for short). The listed prices is RMB280 million with 100% shares and debt at RMB1 and RMB280 million respectively.
The target company was founded on 12 August 2008 with registered capital of RMB40 million and engages in exploration technology service and trade of minerals.
According to its financial data, the target company had gotten RMB142,700 of revenue, negative RMB6.7949 million of net profit and RMB290 million of total debt with owner’s equity at negative RMB121 million up to 30 June 2016.
Taking 31 July 2017 as the base date of assets evaluation, the target company owned negative RMB86.789 million of net asset and negative RMB1.1981 million of estimated value with that for the target at negative RMB1.1981 million.
The target company was founded on 12 August 2008 with registered capital of RMB40 million and engages in exploration technology service and trade of minerals.
According to its financial data, the target company had gotten RMB142,700 of revenue, negative RMB6.7949 million of net profit and RMB290 million of total debt with owner’s equity at negative RMB121 million up to 30 June 2016.
Taking 31 July 2017 as the base date of assets evaluation, the target company owned negative RMB86.789 million of net asset and negative RMB1.1981 million of estimated value with that for the target at negative RMB1.1981 million.
Tin Conc. Burmese 20%min In warehouse MengA
Unit:RMB/mtm
China tin ingot producers' inventory statistics by province by month
Unit: mt
