Hastings team advises on transaction for China Daye’s reverse takeover

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China Daye Non-Ferrous Metals Mining completed on 8 March its acquisition of Daye Nonferrous Metals, a non-wholly owned subsidiary of China Daye’s parent company, Daye Nonferrous Metals Corporation Holdings.

China Daye said the acquisition is a strategic move “to float the premier assets of the parent company through its listing platform, China Daye”.

As a company listed on the main board of the Hong Kong Stock Exchange, China Daye is mainly engaged in exploration, mining and trading of non-ferrous metals.

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