In a move to secure full control over project resources and maximize the value of its tin assets, Inner Mongolia Xingye Silver & Tin Mining Co.,Ltd. (SZSE: 000426) has announced a planned acquisition.
The company stated that its wholly-owned subsidiary, Xingye Gold (Hong Kong) Mining Co., Ltd., holds a 75% stake in Atlas Tin SAS through its own subsidiary, Atlantic Tin Pte. Ltd., making it the controlling shareholder.
To achieve complete ownership, the company intends to acquire the remaining 25% stake held jointly by Toyota Tsusho Corporation and Nittetsu Mining Co., Ltd. The acquisition will be executed through a newly established overseas subsidiary.
As the new subsidiary has not yet been incorporated, the company and its wholly-owned subsidiary, Xingye Gold (Hong Kong), have first entered into a Share Purchase Agreement with the sellers. This agreement, signed on June 30, 2026, stipulates that a designated entity of the acquirer will complete the equity purchase.
Upon completion of the transaction, the company will indirectly hold 100% of Atlas Tin SAS through its subsidiaries, achieving full ownership.
Prior to this acquisition, the company already consolidated Atlas Tin SAS in its financial statements, holding a 75% interest. The purchase of the remaining stake from the Japanese shareholders aims to terminate the original shareholder agreement, simplify the governance structure, and enhance decision-making efficiency.
This strategic step is designed to fully secure project resource rights, unlock the maximum value of the tin mine assets, and strengthen synergies between its domestic and international operations, aligning with the company's global resource development strategy.
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