Anhui Guangzhi buys Tianhao's Ge stocks

摘要

Chinese company Anhui Guangzhi Technology bought germanium stocks from bankrupt metals firm Yunnan Tianhao in an auction held by China's Yunnan provincial government on 15 October. The price for the 4.66t of germanium metal stocks was settled at 33.686mn yuan ($5.24mn), equivalent to Yn7,228/ kg excluding 13pc value-added tax (VAT), after three rounds of bidding between two firms. Anhui Guangzhi Technology may be linked to Chinese minor metals producer Vital Materials, market participants said. It bought the stocks after outbidding key domestic producer Yunnan Germanium.