Aluminum

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Xinren Aluminum Holdings Ltd's subsidiary completes acquisition

Thursday, 18 Sep 2014 08:25am EDT

Xinren Aluminum Holdings Ltd:Says 1 pct owned subsidiary, Xinjiang Production and Construction Corps Agricultural Division Eight Xinjiang Tianshan Aluminum Plant Co., Ltd has completed acquisition of 55 pct shareholding interest in Xinjiang Tianfu Coal Mining Co. Limited from Xinjiang Tianfu Electricity (Group) Co. Limited.Purpose of acquisition is to ensure that purchaser has its own coal mine reserves, which can lower its cost of production.Pursuant to aquisition, Xinjiang Tianfu has become subsidiary of Group.Total consideration for acquisition of 55 pct shareholding interest in Xinjiang Tianfu is 88,606,500 yuan and was arrived at based on valuation of net asset value of Xinjiang Tianfu.

Sincap group Ltd proposes acquisition of property development in South Perth, Western Australia

Tuesday, 12 Aug 2014 12:37am EDT

Sincap group Ltd:Enters into term sheet dated Aug. 11 with Ng Hong Whee, Lim Chuan Lam, Hartajia Limited, Kairos 300 Resources Limited and Wang Fang (Vendors).For proposed acquisition by company of all issued shares (Sale Shares) in capital of LTN Land Pte. Ltd. (LTN) from Vendors.Term Sheet is non-legally binding as to terms of Proposed Acquisition which are subject to further negotiation and agreement of Parties.Proposed aggregate consideration for Proposed Acquisition to be paid by company to Vendors on Completion shall be S$38,500,000.

Le Belier acquires HDPCI group

Wednesday, 30 Jul 2014 08:00pm EDT

Le Belier SA:Acquires HDPCI group, which specializes in aluminum car parts.HDPCI is based in Hong Kong and reported FY 2013 revenue of 23.2 million euros.

Tugcelik Aluminyum ve Metal Mamulleri Sanayi ve Ticaret AS acquires land and building in Ankara

Friday, 25 Jul 2014 04:52am EDT

Tugcelik Aluminyum ve Metal Mamulleri Sanayi ve Ticaret AS:Says it has acquired 4,819 square meters of land and a building on it for a total of 4 million Turkish Lira from N-T Transmikser Makina Imalat Sanayi Insaat ve Dis Ticaret Ltd. Sti.

Xinren Aluminum Holdings Ltd completes acquisition of 30 pct of issued share capital of China Leading International Group Limited

Thursday, 3 Jul 2014 05:08am EDT

Xinren Aluminum Holdings Ltd:Completes acquisition of 30 pct of issued share capital of China Leading International Group Limited.Pursuant to the above, China Leading International Group Limited is 51 pct owned subsidiary of the Group.

Norsk Hydro takes control of Soral aluminium plant

Thursday, 3 Jul 2014 02:00am EDT

Norsk Hydro ASA:Signs agreement with Rio Tinto Alcan for the company to take over RTA's share of the aluminium smelter Sor-Norge Aluminium AS (Soral) in Norway.Following the closing of the agreement, the plant will become Hydro's fifth fully owned aluminium smelter in Norway.Closing of the transaction is pending, including approval from relevant competition authorities in Norway and France, and is expected in second half of the year.Until closing of the agreement, Soral will still be governed by the current board of directors.The terms of the agreement are confidential.

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