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  • Yunhai Special Metals to increase investment into Pomlead

    2018-08-24 17:19:40   [Print]
    Yunhai Special Metals ("the Company") announced on the evening of August 22 that it had signed an investment-increasing agreement with Jiangsu Pomlead Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright New investment into Pomlead helps the Company expand its business chain into deep-processing field.Asian Metal Copyright ("Pomlead") and its controlling shareholder Shanghai Hongdi Investment Co.Asian Metal Copyright "Hongdi Investment"; according to the agreement, the Company will invest into Pomlead another RMB40 million, of which RMB20 million are as registration capital and the rest as capital reserve.Asian Metal Copyright, Ltd.Asian Metal Copyright Pomlead is mainly engaged in manufacturing of light-weight Al auto-hubs.Asian Metal Copyright ("Hongdi Investment"); according to the agreement, the Company will invest into Pomlead another RMB40 million, of which RMB20 million are as registration capital and the rest as capital reserve.Asian Metal Copyright Pomlead is mainly engaged in manufacturing of light-weight Al auto-hubs.Asian Metal Copyright When the investment is done, the Company will hold a 15.Asian Metal Copyright22% share of Pomlead.Asian Metal Copyright22% share of Pomlead.

    Pomlead is mainly engaged in manufacturing of light-weight Al auto-hubs. New investment into Pomlead helps the Company expand its business chain into deep-processing field.

    .Asian Metal Copyright22% share of PomleadAsian Metal Copyright
    Magnesium Alloy AZ91D EXW China
    Unit:RMB/mt
    Magnesium Alloy AZ91D EXW China RMB/mt
    China magnesium alloy producers' output statistics by month
    Unit: mt
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