MMG (HK:1208) has released an update.
MMG Limited has completed a significant transaction involving the acquisition of Cuprous Capital Ltd., making it an indirect wholly-owned subsidiary and owner of Khoemacau Mine. The company has entered a Shareholders’ Agreement post-acquisition, which will result in MMG’s equity interest in the Joint Venture Company decreasing from 100% to 55%. This strategic move is expected to be reflected in MMG’s consolidated financial statements and is compliant with the relevant Listing Rules, including those for discloseable and connected transactions.
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