Brief: Hebei Sitong New Metal Material Plans To Buy 39.8% Stake In Aluminium Firm
28/08/2020 01:06
Aug 28 (Reuters) - Hebei Sitong New Metal Material
300428.SZ :
* SAYS IT PLANS TO BUY 39.8% STAKE FOR 310.5 MILLION YUAN
($45.05
million) IN ALUMINIUM COMPANY FROM NIPPON KINZOKU, TWO OTHER
FIRMS
* SAYS IT AIMS TO RAISE UP TO 310 MILLION YUAN IN SHARE
PRIVATE
PLACEMENT TO FUND PROJECT, ACQUISITION AND REPAY DEBTS
Source text in Chinese: https://bit.ly/3gEJG30
Further company coverage: 300428.SZ
($1 = 6.8925 Chinese yuan renminbi)
(Reporting by Hong Kong newsroom)
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