Dingsheng New Materials (603876.SH) plans to sell 0.5714% equity stake in its joint venture Sanmenxia Aluminum Industry.

Zhitong Financial APP News, DingSheng New Materials (603876.SH) announced that the company plans to purchase 0.5714% equity of CMMC (Sanmenxia) Limited (hereinafter referred to as "Sanmenxia Aluminum Industry") held by the company through Jiaozuo Wanfang Aluminum Co., Ltd. (hereinafter referred to as "Jiaozuo Wanfang") issuing shares to the company. The issuance price of the shares purchased by Jiaozuo Wanfang in this transaction is 5.39 yuan/share. The company is expected to obtain 34.0614 million shares of Jiaozuo Wanfang through this transaction, and this transaction does not involve the payment of cash consideration.