Fosun High Technology to transfer 5% Stake in Hainan Mining
2026-10-10 11:29:38 [Print]
Hainan Mining Co., Ltd. announced that its controlling shareholder, Shanghai Fosun High Technology (Group) Co., Ltd., signed a share transfer agreement with Changxing Xinhua Commercial Operation Co., Ltd. on October 9.
Under the agreement, Fosun High Technology will transfer 99,225,500 unrestricted tradable shares--representing 5% of the listed company's total share capital--to Changxing Xinhua at a price of RMB9.08/share (USD1.36/share), for a total consideration of RMB900,967,540 (USD134.63 million).
Since its founding, Hainan Mining has steadily expanded its business portfolio from iron ore into oil, natural gas and new energy. While consolidating its iron ore and oil & gas foundation, the company is prioritizing lithium and fluorite as its key new growth drivers.
Under the agreement, Fosun High Technology will transfer 99,225,500 unrestricted tradable shares--representing 5% of the listed company's total share capital--to Changxing Xinhua at a price of RMB9.08/share (USD1.36/share), for a total consideration of RMB900,967,540 (USD134.63 million).
Since its founding, Hainan Mining has steadily expanded its business portfolio from iron ore into oil, natural gas and new energy. While consolidating its iron ore and oil & gas foundation, the company is prioritizing lithium and fluorite as its key new growth drivers.
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