Xinxing Ductile Iron Pipes promote the AEI Company Interesting News found in the German Wallstreet Forum. This Info was translated with Google
Xinxing Ductile Iron Pipes promote the AEI Company iron ore project
Emerging occasion of China Group issued a press release on February 13, said its Xinxing Ductile Iron Pipes (000778.SZ) intended to be a wholly owned registered in Hong Kong, thus accelerating the progress of the iron ore project in Canada AEI.
The company tentatively called "Ductile Iron Pipes") for the Xinxing Ductile Iron Pipes (Hong Kong) Company (registered capital of HK $ 38.5 million, set up after as a platform for foreign investment and import and export trade of the Xinxing Ductile Iron Pipes . Its principal activities include subscription AEI issuance of convertible bonds, holding and operational the AEI stocks held; appoint directors to participate in the management and operation of foreign investment projects; ore products and ductile iron pipes, iron and steel products, steel grating, steel and other metal products purchase and sale trade.
Xinxing Ductile Iron Pipes and Canada in November 2011 the Advanced Explorations Inc. (AEI), an agreement intended to subscribe for the AEI issued $ 5 million zero coupon convertible bonds. Canada is a center of global mining capital markets; The company said the move can improve the iron and steel industrial chain, enhance its core competitiveness.
Ended at 10:30 on the 13th, Xinxing Ductile Iron Pipes at 7.06 yuan, or 1.12 percent.
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