Brief: China Metal Resources updates on purchase of 70% equity interest in Mianyang Xinhuan Aluminum Co

China Metal Resources Utilization

31/12/2015 07:43

Dec 31 (Reuters) - China Metal Resources Utilization Ltd  1636.HK : 
 * Says recycling aluminum, entered into the equity transfer agreement with jx e-Commerce 
 * Deal for a cash consideration of RMB3.1 million 
 * Says acquisition of 70% equity interest in mianyang xinhuan aluminum company limited 
 * Says expected that the consideration will be funded by internal cash resources of the company 
 * Recycling aluminum has an obligation to contribute RMB17.5 million to pay up registered capital of xinhuan aluminum 
 * Source text for Eikon  ID:nHKS7YWhWY  
 
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