China Qinfa Group Solidifies Mining Holdings

China Qinfa Group Ltd. (HK:0866) has released an update.

China Qinfa Group Limited has announced the successful acquisition and renewal of Mining Business Licenses A, C, and G, which have been extended to May 14, 2034. These licenses will be held by the newly established subsidiaries, in which the Group retains a 70% interest, with the subsidiaries’ financials being integrated into the Group’s consolidated financial statements. This strategic move solidifies the Group’s position in the mining sector and promises potential growth in their operations.

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