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Risk Tip: shareholders' commitment of Dongyi magnesium Company needs to be deferred

iconApr 18, 2018 10:04
Source:SMM

SMM News: April 16, Dongyi magnesium because of the company's shareholders promised to delay the performance of the risk of being prompted by the host securities firm.

1. Xiaoyi magnesium will complete the construction of the 60, 000-ton annual magnesium production line project by December 31, 2017, and close the 50 million-ton annual magnesium production line within three months from the date of commissioning and operation. The production and distribution of magnesium and magnesium alloy products will be cancelled.

2. promise to complete the foreign sale of Ningxia Dongyi by December 31, 2017. if it is not transferred, Mu Jinhui ensures that Ningxia Dongyi will change its business scope and cancel the production and sale of magnesium in a timely manner.

As of December 31, 2017, Mu Jinhui had not fulfilled the above commitments. The organizer alerted investors to investment risks.

The following is the original text of the announcement:

(SMM synthesis)

Magnesium
Dongyi magnesium
price
market

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