Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, Jun. 12 (SMM) – Hunan Chenzhou Mining Group Co. proposed to acquire 100% stake in Hunan Huangjindong Mining Industry Co. from Hunan Gold Group with an estimated 1.49 billion yuan ($ 243 million), it told Shenzhen Stock Exchange today.
Chenzhou Mining plans to buy 85% of stake by private share placement, and acquire the remaining 15% in cash, the company said, with 134,876,300 shares to be issued at 9.42 yuan per share.
Price of the transaction will be finalized after review of Hunan’s State-Owned Asset Supervision and Administration Commission.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn