China Yangtze Power invests in Hubei copper maker

China Yangtze Power (CYP) Innovation Investment Management Co, a wholly-owned subsidiary of China Yangtze Power (600900.SH), said it will spend US$145.73 million (RMB1 billion) to take an undisclosed stake in Daye Non-ferrous Metals Co, a large state-owned enterprise from central China’s Hubei province, ahead of a public offering within the next two years, China Business News reported. Both sides declined to disclose the size of the stake CYP will hold in the company but Hubei Provincial State-owned Assets Supervision and Administration ...

	China Yangtze Power invests in Hubei copper maker By STAFF EDITOR Published: June 30, 2008 07:58 PM China Yangtze Power (CYP) Innovation Investment Management Co, a wholly-owned subsidiary of China Yangtze Power (600900.SH), said it will spend US$145.73 million (RMB1 billion) to take an undisclosed stake in Daye Non-ferrous Metals Co, a large state-owned enterprise from central China’s Hubei province, ahead of a public offering within the next two years, China Business News reported. Both sides declined to disclose the size of the stake CYP will hold in the company but Hubei Provincial State-owned Assets Supervision and Administration ... You are currently reading 84 words of 255 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , auto , energy , management	More Articles in Heavy Industry > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Cement investment skyrockets, demand set to slow Henan Tongli Cement withdraws from Zhengzhou JV Good times over for steel industry over: Baosteel boss Corning doubles emission control device production capacity Wuhan heavy industry giants merge Shanghai announces 20 key manufacturing sectors Fosun Int’l to build 10m ton steel mill in Jiangsu

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