Henan Zhongfu Industrial Co.,Ltd completed the acquisition of additional 25% stake in Henan Zhongfu Aluminum Co., Ltd. from Henan Yulian Energy Group CO., LTD.
December 14, 2023
Share
Henan Zhongfu Industrial Co.,Ltd agreed to acquire an additional 25% stake in Henan Zhongfu Aluminum Co., Ltd. from Henan Yulian Energy Group CO., LTD for CNY 1.2 billion on September 22, 2023. As of October 10, 2023, Henan Zhongfu Industrial Co.,Ltd shareholders at the fourth extraordinary general meeting approved the transaction.
Henan Zhongfu Industrial Co.,Ltd completed the acquisition of additional 25% stake in Henan Zhongfu Aluminum Co., Ltd. from Henan Yulian Energy Group CO., LTD on December 15, 2023.
Henan Zhongfu Industrial Co., Ltd is a China-based company principally engaged in the manufacture and distribution of electrolytic aluminum and aluminum products. The Company's products include aluminum bars, wire rods, aluminum alloy sheets, double-zero aluminum foils, and cans, can lids, pull tabs and others. The Company's products are applied in transportation, food and pharmaceutical packaging, printing plate-making and other fields. Through its subsidiaries, the Company is also engaged in domestic and international trading, aluminum products manufacturing and processing, thermal power generation, coal mining and production, as well as urban steam heat supply. The Company conducts its businesses in domestic and overseas markets.
Henan Zhongfu Industrial Co.,Ltd completed the acquisition of additional 25% stake in Henan Zhongfu Aluminum Co., Ltd. from Henan Yulian Energy Group CO., LTD.