Zhaojin Mining Industry Co (HK:1818) has released an update.
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Zhaojin Mining Industry Co has entered into a share transfer agreement to acquire 68,712,000 H shares of Weihai Bank for HK$180,712,560. The transaction, subject to Independent Shareholders’ approval, is considered a connected and discloseable transaction under Hong Kong’s Listing Rules. This strategic decision reflects the company’s focus on capitalizing on favorable market conditions and enhancing its investment portfolio.
For further insights into HK:1818 stock, check out TipRanks’ Stock Analysis page.