Tongguan Gold Group Ltd. (HK:0340) has released an update.
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Tongguan Gold Group Ltd. has announced the acquisition of a target company through a conditional agreement, involving the issuance of a Convertible Bond valued at RMB30 million. Upon completion, the acquired company will become a wholly-owned subsidiary and its financial results will be integrated into Tongguan Gold’s accounts. The transaction is classified as discloseable, adhering to the Hong Kong Stock Exchange’s notification requirements but not requiring shareholder approval.
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