Zhaojin Mining Acquires Weihai Bank Shares in Key Deal

Zhaojin Mining Industry Co (HK:1818) has released an update.

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.

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