Zhuzhou Smelter Group Co.,Ltd. cancelled the acquisition of Minmetals Copper Co., Ltd from Hunan Shuikoushan Nonferrous Metals Group Co., Ltd.
January 02, 2024
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Zhuzhou Smelter Group Co.,Ltd. (SHSE:600961) agreed to acquire Minmetals Copper (Hunan) Co., Ltd from Hunan Shuikoushan Nonferrous Metals Group Co., Ltd. for CNY 1.27 billion on November 29, 2023. Zhuzhou Smelter Group Co.,Ltd. (SHSE:600961) board of directors approved the transaction and still subject to shareholders' approval. Jiayuan Law acted as legal advisor, Baker Tilly China Certified Public Accountants acted as accountant, and CSC Financial Co., Ltd. (SEHK:6066) as financial advisor to Zhuzhou Smelter Group Co.,Ltd.
Zhuzhou Smelter Group Co.,Ltd. (SHSE:600961) cancelled the acquisition of Minmetals Copper (Hunan) Co., Ltd from Hunan Shuikoushan Nonferrous Metals Group Co., Ltd. on January 3, 2024.
Zhuzhou Smelter Group Co Ltd is a China-based company principally engaged in the mining, smelting and sales of zinc. The Company's main products portfolio consists of zinc products, including zinc alloy ingots, zinc powders, zinc ingots, and others; lead products, including lead ingots and lead alloy ingots; precious metal products, including sponge palladium, sponge platinum, silver ingots, gold ingots, cobalt oxide and others, as well as sulfuric acid, mercurous chloride, crude copper, silver nitrate and others. In addition, the Company is also engaged in trading business. The Company conducts its businesses in domestic and overseas markets.