Ka Shui to acquire remaining 40% stake in Kamay New Material

Ka Shui International Holdings Limited announced its indirect wholly-owned subsidiary, Ka Shui Metal Company Limited, has agreed to acquire a 40% stake in Kamay New Material Technology (Yulin) Company Limited for RMB14.Asian Metal CopyrightKa Shui International Holdings Limited announced its indirect wholly-owned subsidiary, Ka Shui Metal Company Limited, has agreed to acquire a 40% stake in Kamay New Material Technology Yulin Company Limited for RMB14.Asian Metal Copyright3 million (USD2.Asian Metal Copyright The deal, signed on March 17 with Jiaxian Zhongtuo Huixin Technology Co.Asian Metal Copyright07 million) in cash, giving it full ownership of the company upon completion.

The deal, signed on March 17 with Jiaxian Zhongtuo Huixin Technology Co., Ltd.Asian Metal Copyright3 million USD2.Asian Metal Copyright, is subject to customary conditions, including arrangements for Kamay New Material to secure long-term supply of crude magnesium and raw coal gas from Zhongtuo Huixin.

Ka Shui said getting full ownership will help accelerate trial and commercialization of newly developed magnesium alloys with flame retardant, corrosion resistant and high thermal conductivity characteristics for manufacturing at Kamay New Material, and enhance its ability to meet rising market demand.

The company added that, supported by existing die-casting capacity and cost advantages in northwest China, Kamay New Material is well positioned to provide integrated magnesium alloy and die-casting solutions, with plans to expand across the entire northwest region.

.Asian Metal Copyright Ka Shui said getting full ownership will help accelerate trial and commercialization of newly developed magnesium alloys with flame retardant, corrosion resistant and high thermal conductivity characteristics for manufacturing at Kamay New Material, and enhance its ability to meet rising market demandAsian Metal Copyright