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Yongjie New Materials plans to acquire 100% of Arconic (Qinhuangdao) Aluminum Co., Ltd. and 95% of Arconic (Kunshan) Aluminum Co., Ltd. from Arconic (China) Investment Co., Ltd. for approximately $175 million, plus $61.2 million in Ford profit share. The targets produce aluminum can body stock, lithium battery materials, automotive body sheet, and thermal management materials.
“永杰新材发布重大资产购买报告书草案,公司拟以支付现金方式购买奥科宁克(中国)投资有限公司持有的奥科宁克(秦皇岛)铝业有限公司100%股权和奥科宁克(昆山)铝业有限公司95%股权”news.cnal.com
Summarized from public sources; check the original articles before acting on it.