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Chifeng Jilong Gold Mining Co., Ltd. Class H ( (HK:6693) ) has issued an announcement.
Chifeng Jilong Gold Mining Co., Ltd. has completed the acquisition of a 90% equity interest in China Investment Mining (Laos) Sole Co., Ltd. for approximately $18.96 million. This acquisition marks a strategic move in the company’s overseas expansion, consolidating the financial results of the newly renamed Chixia Mining (Laos) Co., Ltd. into its financial statements, thereby strengthening its market position in rare earth exploration.
More about Chifeng Jilong Gold Mining Co., Ltd. Class H
Chifeng Jilong Gold Mining Co., Ltd. is a joint stock company incorporated in China, primarily engaged in gold mining. The company focuses on expanding its operations overseas, particularly in the exploration of rare earth elements.
YTD Price Performance: 7.87%
Average Trading Volume: 11,972,883
Current Market Cap: HK$37.93B
For detailed information about 6693 stock, go to TipRanks’ Stock Analysis page.