Xiamen Xiangyu responds to participating in Zhongwang Aluminum's main business restructuring: beneficial to the synergy of the aluminum industry

Golden data November 21 news, Xiamen Elephant Island November 19 announcement shows that the company’s controlling shareholder Xiamen Elephant Island Group Co., Ltd. as the preferred investor in the reorganization of Liaoning Zhongwang Group Co., Ltd. series of enterprises, plans to jointly invest in the reorganized assets of Zhongwang Group’s aluminum main business and other reorganized assets with other investors. Xiamen Elephant Island stated that the leading party of Zhongwang Group’s reorganization is still Xiamen Elephant Island Group, and the company only participates as an industrial investor with a small shareholding. Since the company’s business also involves the aluminum supply chain, participating in the reorganization of Zhongwang Group is beneficial for future industry synergy.