Hainan Mining to acquire all equity of Jinhui Mining

Hainan Mining issued an announcement on the evening of June 1 that the company signed a letter of interest with its counterparty on May 31, stipulating that the company should purchase 100% equity of Jinhui Mining that was held by six shareholders including Gansu Yate and other shareholders by issuing shares and paying cash.Asian Metal CopyrightHainan Mining issued an announcement on the evening of June 1 that the company signed a letter of interest with its counterparty on May 31, stipulating that the company should purchase 100% equity of Jinhui Mining that was held by six shareholders including Gansu Yate and other shareholders by issuing shares and paying cash.Asian Metal Copyright At the same time, the company plans to raise matching funds by non-public issue of shares to no more than 35 specific investors.

It is said that the registered capital of Jinhui Mining, established in March 2011, is RMB880 million (USD124 million). It is a mixed-owned mining enterprise integrating the exploration, mining, processing, and sales of mineral resources such as lead, zinc, and silver.
.Asian Metal Copyright At the same time, the company plans to raise matching funds by non-public issue of shares to no more than 35 specific investorsAsian Metal Copyright