Tongling Nonferrous to buy 70% stake in China Railway Construction Tongguan for RMB6.67 billion

Tongling Nonferrous Metals Group announced on December 23 that it plans to acquire 70% equity interest in China Railway Construction Tongguan Investment Co.Asian Metal Copyright The company also plans to issue convertible bonds to 35 specific investors to raise up to RMB2.Asian Metal Copyright, Ltd.Asian Metal Copyright15 billion USD308 million for supporting funds.Asian Metal Copyright through issuance of shares and convertible bonds, as well as cash payment, with transaction value at RMB6.Asian Metal Copyright The company said the transaction is expected to further increase its reserves of high-grade copper ore.Asian Metal Copyright67 billion (USD956 million).Asian Metal Copyright67 billion USD956 million.Asian Metal Copyright The company also plans to issue convertible bonds to 35 specific investors to raise up to RMB2.Asian Metal Copyright The company also plans to issue convertible bonds to 35 specific investors to raise up to RMB2.Asian Metal Copyright15 billion (USD308 million) for supporting funds.Asian Metal Copyright The company also plans to issue convertible bonds to 35 specific investors to raise up to RMB2.Asian Metal Copyright The company said the transaction is expected to further increase its reserves of high-grade copper ore.
.Asian Metal CopyrightTongling Nonferrous Metals Group announced on December 23 that it plans to acquire 70% equity interest in China Railway Construction Tongguan Investment CoAsian Metal Copyright