The Guangxi holding company which includes Liuzhou China Tin is making a second attempt to achieve a stock market listing according to Interfax China. Following a failed attempt to list on the Shanghai stock exchange earlier in the year, the latest plan involves Shenzhen Stock Exchange-listed Guilin Guanglu Measuring Instrument Co. Ltd., according to the latter’s announcement on 26 November.
Guanglu Measuring said that it is now in talks with Guangxi Nonferrous Metals Group Co. Ltd. for a deal that will bring about big changes to the company’s structure. It may announce a preliminary plan before 11 December. "Guangxi Nonferrous may want to swap the assets of its tin subsidiary Liuzhou China Tin Group Co. Ltd. with Guanglu Measuring, as it unsuccessfully planned to do with Shanghai Stock Exchange-listed Henan Oriental Silver Star Investment Co. Ltd. earlier this year," analyst Lin Haoxiang from Guotai Junan Securities told Interfax.
Guangxi Nonferrous, based in the Guangxi Zhuang Autonomous Region, was set up in July 2008 to consolidate non-bauxite non-ferrous resources in the region. Its subsidiary China Tin Group currently has an annual ore processing capacity of 2.5 million tonnes, and an annual production capacity of 25,000 tonnes of tin, 60 tons of indium and 60,000 tonnes of zinc.
