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

On November 21st, Jinshi Data learned that on November 19th, Xiamen Xiangyu announced that as the preferred investor in the restructuring of Liaoning Zhongwang Group Co., Ltd., a series of enterprises of the Xiamen Xiangyu Group, it plans to jointly invest with other investors in the restructuring assets of Zhongwang Group’s aluminum main business and participate in the investment as an industrial investor. Xiamen Xiangyu stated that it is still the leading party in the restructuring of Zhongwang Group, and the company only participates as an industrial investor with a small stake. As the company’s business also involves the aluminum supply chain, participating in the restructuring of Zhongwang Group will be beneficial for future industrial synergy.

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