Sitong New Materials to acquire remaining 39.79% of Baoding Longda Aluminum

Hebei Sitong New Metal Materials Co., Ltd. (Sitong New Materials) announced it will acquire the remaining 39.79% stake in Baoding Longda Aluminum Co., Ltd. for CNY 311 million, making it a wholly-owned subsidiary. The acquisition includes shares from Japan Metal, Beijing Maichuang, and Baoding Ansheng.

“通过此次收购，四通新材将持有保定隆达100%股份，成为公司的全资子公司。”yzweekly.com

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• yzweekly.com四通新材100%控股保定隆达铝业，加强铸造铝合金业务_压铸周刊—有决策价值的压铸资讯Sep 1, 2020

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