Jan 26, 2022 08:39 PM (GMT+8) · EqualOcean
Hualian Zongchao announced that the company plans to purchase 100% equity of innovative metal held by innovative group, Cui Lixin, Yang Aimei, Geng Hongyu, Wang Wei and innovative metal financial investors by issuing shares to buy assets, with a transaction price of 11.482 billion yuan. At the same time, the total amount of supporting financing is no more than 1.5 billion yuan, which is respectively used for the project of innovative metal with an annual output of 800000 tons of high-strength and high toughness aluminum alloy materials (phase II) and the project of Yunnan innovative alloy with an annual output of 1.2 million tons of light high-strength aluminum alloy materials (phase II).