[stock market changes] ST Nanfeng trading limit is to be put into the northern copper industry.

SMM9 March 30: ST Nanfeng trading limit today, is now quoted at 3.92 yuan, sealing orders more than 30, 000 hands, the latest total market capitalization of 2.15 billion yuan.

ST Nanfeng announced last night that it would replace its main assets and liabilities as proposed assets with the equivalent portion of Zhongtiaoshan's 79.39 per cent stake in Northern Copper. Nanfeng paid the difference in the form of a non-public offering of shares and cash payments, while buying a 20.61 per cent stake in Northern Copper from the remaining eight Northern Copper shareholders. At the same time, the company intends to raise matching funds. Upon completion, the main business of listed companies will be changed to copper mining, mineral processing, smelting and sales. The controlling shareholder of the listed company will be changed to Zhongtiaoshan Group, the indirect controlling shareholder will still be Shanxi Guoyun Company, and the actual controller will still be Shanxi SASAC.

After the completion of this transaction, the controlling shareholder of Nanfeng Chemical was changed to Zhongtiaoshan Group, and Northern Copper became a wholly-owned subsidiary of Nanfeng Chemical.

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