Shandong Nanshan Aluminium’s wholly owned subsidiary Nanshan Aluminium Singapore Co. Pte Ltd signed agreement with Redstone Aluminia International Pte. Ltd to buy 25% stake in Global Aluminium International Pte. Ltd with $5 million. Nanshan Aluminium Singapore Co. Pte Ltd will hold 95%stake in target company after the transaction.

Global Aluminium International Pte. Ltd was incorporated in 2013 by Nanshan Aluminum Singapore and Redstone Aluminia International with $20 million, holding 70% and 30% stake respectively. Its main business is the sale of aluminum and related products.

Source: https://af.reuters.com/article/metalsNews/idAFL4N1LP44Y
http://www.cninfo.com.cn/finalpage/2013-04-12/62352993.PDF

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s