Yongjie New Materials Completes Acquisition of Arconic Assets for $236M

Published: Jun 25, 2026 21:43

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Recently, Yongjie New Materials announced that the transfer of the underlying assets in its major asset restructuring, involving the cash acquisition of relevant assets from Arconic (China) Investment Co., Ltd., has been completed. The company now holds a 100% equity interest in Arconic (Qinhuangdao) Aluminum Industries Co., Ltd. and a 95% equity interest in Arconic (Kunshan) Aluminum Products Co., Ltd. As of the announcement date, Yongjie New Materials had paid a total of RMB 1.605 billion (equivalent to $236 million) into the regulatory account, of which RMB 247 million came from its own funds, RMB 257 million from the changed-use IPO proceeds, and RMB 1.1 billion from bank M&A loans.

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