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NFC Signs $572 Million Aluminum Contract With Vietnamese Firm
China Nonferrous Metal Industry's Foreign Engineering and Construction (000758.SZ): the controlling Shareholder has accumulated a Shareholding increase of 1.02%.
On February 19, 2025, China Nonferrous Metal Industry's Foreign Engineering and Construction (000758.SZ) announced that the controlling shareholder, China Nonferrous Group, issued a notice regarding the increase of shareholding in China Nonferrous Metals Construction Co., Ltd. to 1%. Between January 17, 2025, and February 19, 2025, China Nonferrous Group cumulatively increased its shareholding in the company's A shares by 20,281,523 shares through the centralized bidding method via the Shenzhen Securities Exchange, accounting for approximately 1.02% of the company's total issued capital.
China Nonferrous Metal Industry's Foreign Engineering and Construction (000758.SZ): Signed a general contracting contract for the Vietnam Da Nong electrolytic aluminum project worth approximately 0.572 billion USD.
On February 19, Gelonghui reported that China Nonferrous Metal Industry's Foreign Engineering and Construction (000758.SZ) announced that on February 18, 2025, China Nonferrous Metals Construction Corporation signed a general contracting agreement for the Vietnam Duong Electric Aluminum Project with Tran Hong Quan Metallurgy Co., Ltd. (referred to as "the owner"). The contract amount is approximately $0.572 billion (excluding local taxes in Vietnam). According to the contract, the company is responsible for the design, Construction installation, procurement, and Transportation management of the Vietnam Duong Electric Aluminum Project located in the Renji Industrial Park in Duong Province, Vietnam, excluding the work performed by the owner themselves.
China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd (SZSE:000758) Is Looking To Continue Growing Its Returns On Capital
China Nonferrous Metal Industry's Foreign Engineering and Construction (000758.SZ): The engineering contracting business is primarily focused on the international market.
On January 6, Gelonghui reported that China Nonferrous Metal Industry's Foreign Engineering and Construction (000758.SZ) recently stated in an investor relations activity that the company's engineering contracting business mainly focuses on the international market, with operations in over 40 countries and regions globally. In the resource development business, the company has two operating mines located in Mongolia and Chifeng City, Inner Mongolia, a smelting plant located in Chifeng City, Inner Mongolia, and a mine under construction in Indonesia. For the first half of 2024, the company's revenue composition by region is as follows: domestic business accounts for 49.85%, a year-on-year decrease of 11.51%; overseas business accounts for 50.15%, a year-on-year increase of 84.13.
Market Participants Recognise China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd.'s (SZSE:000758) Revenues
Be Wary Of China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd (SZSE:000758) And Its Returns On Capital
