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

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • hydrogenation stations
  • Macroeconomics
  • Futures movement
  • Aluminium
  • nickel laterite
  • Production data
  • Nickel
  • Market commentary
  • In the United States
  • Copper
  • Nickel ore
  • brown book

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).

 

 

Price

more
Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
Aluminum Ingot - Fo Shan
Oct.21
13920.0
-40.0
(-0.29%)
Aluminum Ingot - Wu Xi
Oct.21
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Hang Zhou
Oct.21
13995.0
-45.0
(-0.32%)
Aluminum Ingot - Chong Qing
Oct.21
13950.0
-30.0
(-0.21%)

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).