CTHM's equity acquisition of Nanchang Cemented Carbide Company completed
2020-11-02 16:26:49 [Print]
CTHM recently issued the Announcement on Completion of the Equity Acquisition of Nanchang Cemented Carbide Co
CTHM previously announced that the company intended to acquire an 84.9667% stake in Nanchang Cemented Carbide Co . , Ltd . held by Minmetals Tungsten Industry Group Co . , Ltd . at RMB285 million (USD41 . 20 million) through a non-public agreement transfer.
On October 30, 2020, Nanchang Cemented Carbide Company received the Notice of Change of Registration of Foreign-invested Enterprises issued by Nanchang Administrative Approval Bureau and the new business license. The equity transfer registration procedures and foreign-invested enterprise change filing procedures involved in this transaction were completed, and Nanchang Cemented Carbide Company was changed to a subsidiary of CTHM and included in the company's consolidated statements.
. , Ltd.CTHM previously announced that the company intended to acquire an 84.9667% stake in Nanchang Cemented Carbide Co . , Ltd . held by Minmetals Tungsten Industry Group Co . , Ltd . at RMB285 million (USD41 . 20 million) through a non-public agreement transfer.
On October 30, 2020, Nanchang Cemented Carbide Company received the Notice of Change of Registration of Foreign-invested Enterprises issued by Nanchang Administrative Approval Bureau and the new business license. The equity transfer registration procedures and foreign-invested enterprise change filing procedures involved in this transaction were completed, and Nanchang Cemented Carbide Company was changed to a subsidiary of CTHM and included in the company's consolidated statements.