Tongguan Gold Completes Acquisition of 100% Equity in Longxin Construction

Deep News01-11

The board of Tongguan Gold (00340) has announced an update regarding the company's proposed acquisition of a 100% equity stake in Longxin Construction Development Co., Ltd. for a consideration of 260 million yuan. All conditions precedent under the agreement have now been satisfied, and the completion of the transaction was finalized on January 9, 2026. The consideration shares have been issued in accordance with the terms and conditions stipulated in the agreement. Following the completion, the target company has officially become a wholly-owned subsidiary of Tongguan Gold, and the financial results of the target group will be consolidated into the company's financial statements.

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