Zijin Mining Industry: proposed to acquire 100% stake in mainland Gold Co., Ltd for 7.03 billion yuan-Shanghai Metals Market

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Zijin Mining Industry: proposed to acquire 100% stake in mainland Gold Co., Ltd for 7.03 billion yuan

Translation 08:05:32AM Dec 03, 2019 Source:Zijin mining industry
The content below was translated by Tencent automatically for reference.

SMM News: Zijin Mining announcement, the company will be established through overseas wholly owned subsidiary Jinshan Hong Kong subsidiary, in cash to mainland gold existing issued shares of 203 million shares and diluted shares to issue an agreement to purchase. After deducting the exercise price of the equity instruments, the total consideration for the actual acquisition of a 100 per cent stake in mainland gold is about C $1.33 billion, or about RMB 7.03 billion yuan. After the completion of the acquisition, the company's gold resources reserves will exceed 2,000 tons, increasing the mine gold production by about 20% (after reaching production). The project will greatly improve the proportion and profitability of the company's gold plate business.

Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business

Key Words:  Gold  production  gold price 

Zijin Mining Industry: proposed to acquire 100% stake in mainland Gold Co., Ltd for 7.03 billion yuan

Translation 08:05:32AM Dec 03, 2019 Source:Zijin mining industry
The content below was translated by Tencent automatically for reference.

SMM News: Zijin Mining announcement, the company will be established through overseas wholly owned subsidiary Jinshan Hong Kong subsidiary, in cash to mainland gold existing issued shares of 203 million shares and diluted shares to issue an agreement to purchase. After deducting the exercise price of the equity instruments, the total consideration for the actual acquisition of a 100 per cent stake in mainland gold is about C $1.33 billion, or about RMB 7.03 billion yuan. After the completion of the acquisition, the company's gold resources reserves will exceed 2,000 tons, increasing the mine gold production by about 20% (after reaching production). The project will greatly improve the proportion and profitability of the company's gold plate business.

Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business

Key Words:  Gold  production  gold price