Zijin Mining Expands Domestic Ore Layout, Plans to Acquire Control of Zangge Mining for 13.7 Billion Yuan

Publicado: Jan 17, 2025 18:13
[Zijin Mining Expands Domestic Mineral Layout, Plans to Acquire Control of Zangge Mining for 13.7 Billion Yuan] On January 16, the first A-share merger and acquisition deal of 2025, which has drawn significant market attention, was finalized. Zijin Mining announced that it plans to acquire 24.82% of Zangge Mining's shares through its wholly-owned subsidiary, Zijin International Holdings, at 35 yuan per share, totaling 13.729 billion yuan. Combined with its previously held shares, the total shareholding will reach 25%. With the arrangement of the company's governance structure, Zijin Mining will gain control of Zangge Mining and consolidate its financial statements.

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