Jiangtung Group successfully introduced strategic investors

“Implementing equity diversification is the only way for us to go public. Now we have all completed the work of introducing strategic investors.” On the 6th, the responsible person of Jiangxi Rare Earth Metal Tungsten Group Co., Ltd. (Jiangsu Tungsten Group Co., Ltd.) told the reporter At the end of last month, the group officially completed the registration of industrial and commercial enterprises, and successfully introduced Shanghai Wangchao Investment Co., Ltd. to complete the capital increase and share expansion, “through the equity transfer financing more than 1 billion yuan”.

Relevant persons of the group told reporters that the introduction of strategic investors has two important purposes. First, the company currently plans to complete the listing before the end of 2010, while state-owned enterprises are not allowed to go public, so it is necessary to achieve equity diversification; followed by the company's The development requires a large amount of funds. After the introduction of strategic investors, the nature of the company of Jiangtung Group was changed from state-owned to state-owned.

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