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China West Mining to Acquire Daliang Mining and Qinghai Lithium
Jul 1, 2016 14:24Source:SMM
China’s West Mining released its asset purchase scheme on June 30.
SHANGHAI, Jul. 1 (SMM) – China’s West Mining released its asset purchase scheme on June 30, based on www.cnmn.com.
West Mining proposed to buy 100% stake in Daliang Mining and Qinghai Lithium for 2.5 billion yuan ($ 0.38 billion).
West Mining plans to issue 123 million shares with each share worth 5.91 yuan to acquire Daliang Mining for 727 million yuan. And the company plans to release 92.38 million shares and pay 1.23 billion yuan in cash for the acquisition of Qinghai Lithium with estimated purchase price of 1.78 billion yuan.
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