Ordos subsidiary to acquire 25% equity of Yongmei Mine at RMB4.978 billion

Ordos announced that the holding subsidiary Electric Metallurgical Group intends to invest RMB2,986,816,500 (USD460,509 864) to acquire 15% of the equity of Yongmei Mine held by the company's actual controller, Investment Holding Group; it intends to invest RMB1,991,211,000 (307,006,576) to acquire 10% of the equity of Yongmei Mine held by the controlling shareholder Cashmere Group.Asian Metal Copyright After the completion of the acquisition, the equity structure of Yongmei Mine is 50% for each of the Electric metallurgical Group and Yongmei Group.Asian Metal Copyright After the completion of the acquisition, the equity structure of Yongmei Mine is 50% for each of the Electric metallurgical Group and Yongmei Group.
.Asian Metal CopyrightOrdos announced that the holding subsidiary Electric Metallurgical Group intends to invest RMB2,986,816,500 USD460,509 864 to acquire 15% of the equity of Yongmei Mine held by the company's actual controller, Investment Holding Group; it intends to invest RMB1,991,211,000 307,006,576 to acquire 10% of the equity of Yongmei Mine held by the controlling shareholder Cashmere GroupAsian Metal Copyright