Huaibei GreenGold Industry Investment Co., Ltd. Class H (HK:2450) has released an update.
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Huaibei GreenGold Industry Investment Co., Ltd. announces a major transaction involving a capital injection and deemed disposal of equity interest in Tongming Mining, adjusting the company’s ownership to 60.1255% while ensuring Tongming Mining remains a consolidated subsidiary. This strategic financial move is set to reshape the company’s stake in Tongming Mining, subject to shareholder approval as per listing rules, and has received the necessary endorsements from the board and independent directors.
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