Zijin Mining Group Co ( (HK:2899) ) has provided an update.
Zijin Mining Group Co., Ltd. has announced the signing of a supplemental agreement to acquire controlling power in Zangge Mining Company Limited. The agreement involves Zijin International Holdings, a wholly-owned subsidiary, acquiring shares from various parties, including Zangge Venture Capital and Xinsha Hongyun, at a total consideration of RMB13.7 billion. The supplemental agreement includes adjustments to the allocation of shares among the transferors, with Mr. Xiao Yongming, the actual controller of Zangge Mining, being added as a transferor to expedite the acquisition process. The board of Zijin Mining has approved the agreement, noting that it does not alter the key commercial terms and aims to facilitate the completion of the acquisition.
More about Zijin Mining Group Co
YTD Price Performance: 16.67%
Average Trading Volume: 77,630
Technical Sentiment Signal: Strong Sell
Current Market Cap: $60.83B
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