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By Reuters Staff 2 Min Read Jan 23 (Reuters) - Chinese copper producer Zhongtiaoshan Non-ferrous Metals Group is close to securing a backdoor listing for smelting unit Northern Copper after Shenzhen-traded Nafine Chemical Industry Co announced details of a planned restructuring. The listing will allow Northern Copper, which is upgrading and expanding its Houma smelter in China’s Shanxi province, to be publicly traded on the Shenzhen Stock Exchange under Nafine’s stock code and raise financing, without the need for an initial public offering. The complex deal, which is backed by the Shanxi government, will see Nafine，a salts and chemicals producer under Shanxi Coking Coal Group, acquire all of Northern Copper for 4.4 billion yuan ($679 million) in cash and shares, Nafine said in a filing to the Shenzhen Stock Exchange late on Friday.

South koreaRobert birselThomson reuters trust principlesKorea sk networksChina smelters purchase teamShanxi coking coal groupShenzhen stock exchange under nafineShenzhen stock exchangeZhongtiaoshan metals groupNafine chemical industry coZhongtiaoshan non ferrous metals groupNorthern copperTom daly editingThomson reuters trustNafine restructuringAsia pacific