Aluminum Copper Lead

CTHM's controlling shareholder changed to Minmetals

China Tungsten Hightech Materials Co., Ltd. (CTHM) announced on October 19 that the company's controlling shareholder Hunan Nonferrous Co., Ltd. intends to transfer all its 536 million shares to Minmetals by way of non-public agreement transfer. The transaction price is RMB6.90 (USD1.03) per share, and the share transfer price is RMB3.7 billion (USD551 million). After the completion of the transaction, Hunan Nonferrous Metals will no longer hold the company's shares. The company's controlling shareholder will be changed to Minmetals, and the actual controller of the company will remain China Minmetals.