Jiangsu Asia-Pacific Light Alloy Technology

Jiangsu Asia-Pacific Light Alloy Technology will acquire 100% equity of Suzhou Lingfu Aluminum from Mitsubishi Aluminum for RMB 11.37 million.

Jiangsu Asia-Pacific Light Alloy Technology (Apalt) and Japan's Mitsubishi Aluminum agreed on March 31, 2020 to set up a joint venture with CNY80 billion registered capital in Jiangsu, China, to make aluminum car parts. Details to be finalized by June and registration by August 2020.