Henan Shenhuo to Increase Stake in Henan Nonferrous Metals-Shanghai Metals Market

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Henan Shenhuo to Increase Stake in Henan Nonferrous Metals

Industry News 02:21:39PM Mar 24, 2010 Source:SMM

SHANGHAI, Mar. 24 -- Shenzhen Stock Exchange-listed Henan Shenhuo Coal Industry and Electricity Power Co. Ltd. announced on March 23 that it will buy a 22.31 percent stake in Henan Nonferrous Metals Holding Co. Ltd. from Henan Huiyuan Investment Co. Ltd. for RMB 145 million ($21.24 million) and a 30.77 percent stake from its parent company Henan Shenhuo Group Co. Ltd. for RMB 202 million ($29.59 million).

 

 

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Henan Shenhuo to Increase Stake in Henan Nonferrous Metals

Industry News 02:21:39PM Mar 24, 2010 Source:SMM

SHANGHAI, Mar. 24 -- Shenzhen Stock Exchange-listed Henan Shenhuo Coal Industry and Electricity Power Co. Ltd. announced on March 23 that it will buy a 22.31 percent stake in Henan Nonferrous Metals Holding Co. Ltd. from Henan Huiyuan Investment Co. Ltd. for RMB 145 million ($21.24 million) and a 30.77 percent stake from its parent company Henan Shenhuo Group Co. Ltd. for RMB 202 million ($29.59 million).