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Xingfa Aluminium Arm to Dispose Stake in Guangdong Guangxin Innovative Research Centre
xingfa alum (00098.HK) entered into an equity transfer agreement.
Grong Hui Nov 6th xingfa alum (00098.HK) announced that on November 6, 2024, Guangdong Xingfa (the Company's indirect wholly-owned subsidiary), FSPG Hi-Tech, and Star Lake Bioscience entered into an equity transfer agreement with Guangxin Holdings. Under the equity transfer agreement, Guangdong Xingfa, FSPG Hi-Tech, and Star Lake Bioscience each agreed to sell and transfer 2.80% of the equity of Guangdong Guangxin Innovation Research Institute Co., Ltd., while Guangxin Holdings agreed to acquire and accept a total of 8.40% of the equity of the target company. The total consideration for the sale is approximately RMB 33,559,390. On the date of this announcement.
Express News | Xingfa Aluminium - Consideration of Unit's Disposal Amounts to RMB11.2 Mln
Express News | Xingfa Aluminium - Guangxin Holding to Acquire 8.40% Stake in Guangdong Guangxin Innovative Research Centre for RMB33.6 Mln
Sealand: Eco-friendly policies affecting aluminum processing rates, alumina remains strong.
On the domestic front, the State Council stated that it will continue to effectively implement a package of incremental policies, evaluate and optimize policies in a timely manner.
sealand: Aluminum prices are fluctuating at high levels, with alumina remaining strong.
In the short term, domestic policies continue to exert force, with further expectations, actual realization on the demand side is relatively good, aluminum ingots inventory continues to decline, but it is still necessary to pay attention to subsequent changes in demand.
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