SH-listed Jixiang Molybdenum acquires Zhong Tian for $388m

Jinzhou Jixiang Molybdenum Co. Ltd (also known as Jin Zhou New China Dragon Moly), a manufacturer and supplier of molybdenum products is set to acquire the military products developer Zhong Tian Guide Control Technology Co. Ltd for as much as 2.4 billion yuan ($388 million), according to the latest filings from the company with the Shanghai Stock Exchange. Jixiang Molybdenum is backed by state-owned Shanxi International Trust,