# Sanmenxia Aluminum to go public via reverse merger with Fuda Alloy

Sanmenxia Aluminum plans to list on the Shanghai Stock Exchange through a reverse merger with Fuda Alloy. Fuda Alloy will swap its assets (valued at about CNY 850 million) and issue shares to acquire 100% of Sanmenxia Aluminum for up to CNY 15.2 billion. The deal will make Jinjiang Group the new controlling shareholder.

- Type: Acquisition
- Announced: 2021-10-15
- Where: China
- Status: announced
- Products: alumina, aluminum hydroxide, caustic soda, gallium metal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sanmenxia Aluminum](https://endata.com/companies/57770.md) (target)
- [Fuda Alloy](https://endata.com/companies/58438.md) (acquirer)
- [Jinjiang Group](https://endata.com/companies/58439.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/575891.html), 2021-10-15: "公司将持有三门峡铝业100%股权，公司的控股股东将变更为锦江集团，实际控制人变更为钭正刚。"

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