Zijin Mining: Plans to acquire control of Chifeng Gold through an agreement to purchase A-shares and subscribe to a targeted issuance of H-shares

NightAirdropper · 2026-03-23T08:25:00+00:00

Zijin Mining announces that its wholly-owned subsidiary Zijin Gold intends to acquire Chifeng Gold shares for approximately 18.258 billion yuan, including purchasing 242 million A shares at 41.36 yuan/share and subscribing for 311 million H shares at 30.19 Hong Kong dollars/share.

NightAirdropper

2026-03-23 08:25:00

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Zijin Mining announced that its wholly owned subsidiary Zijin Gold signed a Share Transfer Agreement with Ms. Li Jinyang, the controlling shareholder of Chifeng Gold, and her concerted parties Zhejiang Hanfeng. The company plans to acquire a total of 242 million shares of Chifeng Gold A-shares at 41.36 yuan per share, with a transaction amount of approximately 10.006 billion yuan. On the same day, Zijin Gold also signed a Strategic Investment Agreement with Chifeng Gold, intending to subscribe to 311 million H-shares of Chifeng Gold at 30.19 Hong Kong dollars per share through a targeted issuance, with a subscription amount of about 9.386 billion Hong Kong dollars (approximately 8.252 billion yuan). The total transaction consideration is approximately 18.258 billion yuan.

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