Jinhui Mining to Acquire Full Ownership of Deyuan Mining for 2.88 Billion Yuan, Boosting Gold Reserves

Stock News05-29

Jinhui Mining Incorporation Limited (603132.SH) has announced its intention to acquire a 100% equity stake in Lixian Deyuan Mining Development Co., Ltd. (referred to as "Deyuan Mining") for 2.88 billion yuan in cash. Upon completion of the transaction, the company will hold full ownership of Deyuan Mining. This acquisition will grant Jinhui Mining one new gold mining permit and one gold exploration permit, along with related production facilities including a mineral processing plant and a supporting tailings pond. The transaction represents a critical step in implementing the company's long-term development strategy. It is expected to further expand the company's operational scale, enhance its gold resource reserves, strengthen its core competitiveness, and safeguard the long-term interests of all shareholders.

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