The Chinese nonferrous metal industry looks set to receive a healthy injection of cash as the country’s Nonferrous Metal Industry’s Foreign Engineering and Construction have announced their plans to inject 262 million yuan of zinc assets into Chifeng NFC Zinc.

The zince assets include 42.61% stake in Chifeng Hongye Zinc Smelting, a 22% stake in Chifeng Kubo Hongye Zinc and a 51% stake in Chifeng NFC Kubo Hongye Zinc.

After the injection of assets, China Nonferrous Metals will increase its shareholding in Chifeng NFC Zinc from 44.72 percent to 52.31 percent.

Source: http://www.capitalvue.com/home/CE-news/inset/@10063/post/1268491