Chengtun Mining to acquire Sichuan Zinc & Germanium

Chengtun Mining ("the company") announced on the evening of October 28th that it planned to acquire 97.Asian Metal Copyright Originally, Chengtun Mining held 2.Asian Metal Copyright22% stock equity of Sichuan Zinc & Germanium which was held by 21 counterparties including Chengtun Group (the holding company of Chengtun Mining) and Liuqiang by 2.Asian Metal CopyrightChengtun Mining "the company" announced on the evening of October 28th that it planned to acquire 97.Asian Metal Copyright139 billion yuan via share issue and cash payment.Asian Metal Copyright As a large domestic enterprise engaged in zinc-germanium smelting and processing, Sichuan Zinc Germanium has a number of independent RD patents and is capable of producing 220,000tpy of zinc cathode, integrated recycling and utilizing 200,000tpy of zinc cathode slag, and producing 400,000tpy of high-purity germanium dioxide.Asian Metal Copyright In addition, Chengtun Mining will also raise no more than 1.Asian Metal CopyrightChengtun Mining "the company" announced on the evening of October 28th that it planned to acquire 97.Asian Metal Copyright06 billion yuan from no more than 10 specific investors by non-public placement.

Originally, Chengtun Mining held 2.78% stock equity of Sichuan Zinc & Germanium which will become a wholly-owned subsidiary of Chengtun Mining if the company successfully acquired the remaining stocks.

As a large domestic enterprise engaged in zinc-germanium smelting and processing, Sichuan Zinc & Germanium has a number of independent R&D patents and is capable of producing 220,000tpy of zinc cathode, integrated recycling and utilizing 200,000tpy of zinc cathode slag, and producing 400,000tpy of high-purity germanium dioxide. Besides, it is expanding new capacity.

.Asian Metal Copyright78% stock equity of Sichuan Zinc Germanium which will become a wholly-owned subsidiary of Chengtun Mining if the company successfully acquired the remaining stocksAsian Metal Copyright