Shengda Mining to acquire 91% equities of Jinshan Mining
2018-08-07 10:56:02 [Print]
Shengda Mining announced on 3 August that the company has signed a share acquisition framework agreement with Shengda Group, its holding shareholder, on the acquisition of 91% equities of Jinshan Mining by paying in cash and assuming liabilities. Price for the deal is fixed at RMB1.684 billion.
As a non-ferrous metal mining company integrating drilling, dressing and refining, Jinshan Mining specializes in exploitation, drilling and dressing of sliver ore. Upon completion of the deal, the company's silver reserves would go up substantially, which is considered as a key factor deciding development potential and space of the company in future. The deal will further increase silver reserves of the company and sharpen its core competitiveness.
As a non-ferrous metal mining company integrating drilling, dressing and refining, Jinshan Mining specializes in exploitation, drilling and dressing of sliver ore. Upon completion of the deal, the company's silver reserves would go up substantially, which is considered as a key factor deciding development potential and space of the company in future. The deal will further increase silver reserves of the company and sharpen its core competitiveness.
