China - Leading copper tube producer, Zhejiang Hailiang to buy a small stake in copper-... - 0 views
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James Wright on 02 Jul 12It was reported that Zhejiang Hailiang Co. Ltd., a manufacturer of copper semi fabricated products, intends to acquire a 1.12% stake in the Chinese copper and nickel producer, Jinchuan Group. Hailiang expects to invest RMB800M (US$126M) into the producer company as it readies for its upcoming IPO in China. The move toward greater upstream copper processing exposure was attributed to risks associated with Hailiang's high dependence on copper products fabrication and Jinchuan's experience in managing overseas assets.