Wolong Real Estate to acquire 100% equity of Wolong Mining with 406 million yuan
2022-06-20 16:40:38 [Print]
Wolong Real Estate announced on June 17 that the company plans to buy 100% stake in Wolong Mining through its wholly-owned subsidiary Shanghai Wolong by cash at a preliminary price of 406 million yuan (60
. 74 million US dollars) . The main business of Wolong Mining is the mixing and sales of copper concentrate and other raw materials . After the completion of this transaction, Wolong Mining will become a wholly-owned subsidiary of Wolong Real Estate and form a diversified business pattern covering real estate, mineral processing and trade.