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Fuda Alloy will swap all its assets and liabilities (valued at 1.03 billion yuan) for shares of Sanmenxia Aluminum, valuing the latter at 15.56 billion yuan. The deal will make Jinjiang Group the controlling shareholder of the listed company.
“福达合金拟以10.3亿元将全部资产及负债与锦江集团所持三门峡铝业全部股份的等值部分进行置换”finance.sina.com.cn
Summarized from public sources; check the original articles before acting on it.