Tongguan Gold’s Strategic Acquisition via Convertible Bonds

Tongguan Gold Group Ltd. (HK:0340) has released an update.

Tongguan Gold Group Ltd. is advancing its acquisition strategy by issuing convertible bonds to acquire a target company, with the consideration based on profit guarantees and comparable companies in the mining sector. The adjustment mechanism for the convertible shares is tied to the actual profits compared to target profits over specific periods. This strategic move could impact Tongguan’s market position, attracting interest from investors keen on the mining industry.

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