China Minmetals Corporation acquires Hunan Nonferrous Metals_Client Success_Our Client_中企华
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Opening the prelude to large-scale M&A in the nonferrous metals industry

On December 28, 2009, China Minmetals Corporation and Hunan Nonferrous Metals signed an agreement that the former would increase capital and expand share to HNM by investing RMB 5.559 billion and ultimately hold 51% shares of HNM. This reorganization became the first large-scale M&A project after the promulgation of Restructuring and Revitalization Plan for the Nonferrous Metals Industry. CEA provided asset appraisal for the M&A project. Appraisal results were approved by both sides of the project. CEA’s outstanding service won the trust of clients. The subsequent overall listing project of CMC was also entrusted CEA to undertake related appraisals.