Golden Dragon completed the acquisition of a 50% stake in KMD joint venture from KME for $53m.

Golden Dragon, a manufacturer of copper tubes and precision brasses, completed the acquisition of a 50% stake in KMD joint venture from KME, a supplier of precision rolled copper, for $53m. This new agreement represents an additional milestone in the overall KME deleveraging strategy and new regional focus due to the latest geopolitical changes.