Chifeng Qihui Aluminum Industry Development Co., Ltd. announced that it expects to receive CNY 1.7 billion in funding from Jinzhou Port Co., Ltd., Chifeng State-Owned Capital Operation Co.,Ltd, Jinguotou Dalian (Development) Co., Ltd.
April 26, 2021
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Chifeng Qihui Aluminum Industry Development Co., Ltd announced that it will receive CNY 1,700,000,000 in an equity round of funding on April 27, 2021. The transaction will include participation from new investors Jinzhou Port Co., Ltd. for CNY 500,000,000 for 20% stake, Chifeng State-Owned Capital Operation (Group) Co.,Ltd for CNY 600,000,000 for 24% stake and returning investor Jinguotou Dalian (Development) Co., Ltd. for CNY 600,000,000 in the company. On post completion of transaction, Jinguotou Dalian (Development) Co., Ltd. will acquire 56% stake in the company. The transaction is approved by the 10th directorate and 10th supervisory board at the 6th session of the company.
JINZHOU PORT CO.,LTD. is a China-based company principally engaged in port cargo loading and unloading, material warehousing and related logistics operations. The Company provides port services to products into the categories of oil products and chemicals (including crude oil, refined oil and liquid chemicals); bulk cargo goods (including coal, food and staples and minerals); and other cargo goods (including steel, petroleum coke, sugar, fertilizers as well as alumina, among others). Oil products and chemicals, food and staples, coal, steel, fertilizers and domestic containers are five advantaged sources of the Company.
Chifeng Qihui Aluminum Industry Development Co., Ltd. announced that it expects to receive CNY 1.7 billion in funding from Jinzhou Port Co., Ltd., Chifeng State-Owned Capital Operation Co.,Ltd, Jinguotou Dalian (Development) Co., Ltd.
JINZHOU PORT CO., LTD. 