Shanghai Metal Market
CNMC makes $9.37-M aluminium sale to connected wanxiang Resources
Edited by : AL CIRCLE
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China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. (CNMC) disclosed a $9.37 million sale of aluminium ingots to connected party Wanxiang Resources (Singapore) Pte Ltd.
CNMC signed a contract on Dec. 26, 2013 to sell 4,747 tonnes of aluminium ingots to Wanxiang’s branch company in Singapore at $1,974.06 per tonne, it told Shenzhen Stock Exchange today.
Wanxiang Resources (Singapore) is a wholly-owned subsidiary of Wanxiang Resources Co. which is the second largest shareholder of CNMC with a shareholding of 7.87%, CNMC said.
CNMC signed a contract on Dec. 26, 2013 to sell 4,747 tonnes of aluminium ingots to Wanxiang’s branch company in Singapore at $1,974.06 per tonne, it told Shenzhen Stock Exchange today.
Wanxiang Resources (Singapore) is a wholly-owned subsidiary of Wanxiang Resources Co. which is the second largest shareholder of CNMC with a shareholding of 7.87%, CNMC said.
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