# Fuda Alloy to acquire Sanmenxia Aluminum in reverse merger

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.

- Type: Acquisition
- Announced: 2022-04-01
- Where: China
- Value: $2.45B (15.6B CNY)
- Status: announced
- Products: alumina, aluminum
- 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) (partner)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/jjxw/2022-04-01/doc-imcwipii1807983.shtml), 2022-04-01: "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"

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