# Hebei Sitong New Metal Material plans to buy 39.8% stake in aluminium firm

Hebei Sitong New Metal Material Co. Ltd. plans to buy a 39.8% stake in an aluminium company from Nippon Kinzoku and two other firms for CNY 310.5 million ($45.05 million).

- Type: Acquisition
- Announced: 2020-08-27
- Where: China
- Value: $45.0M (310.5M CNY)
- Status: announced
- Products: aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hebei Sitong New Metal Material](https://endata.com/companies/43595.md) (acquirer)
- [Nippon Kinzoku](https://endata.com/companies/49550.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/LIZHONG-SITONG-LIGHT-ALLO-26375890/news/Hebei-Sitong-New-Metal-Material-Plans-to-Buy-39-8-Stake-in-Aluminium-Firm-33718975/), 2020-08-28: "Hebei Sitong New Metal Material Co. Ltd. said it plans to buy 39.8% stake for CNY 310.5 million ($45.05 million) in aluminium company from Nippon Kinzoku"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.