GT Gold Holdings Limited has completed the previously announced major transaction to acquire two project companies in Ningshan County, Shaanxi Province. All conditions precedent under the sale and purchase agreement were satisfied, and completion was effected on 29 June 2026. Following the transaction, the acquired entity becomes a wholly owned subsidiary and will be fully consolidated into GT Gold’s financial statements, strengthening the Group’s project pipeline in mainland China.
To fund the purchase, GT Gold allotted and issued 676.00 million new shares to the vendor under a Specific Mandate. This share placement expanded the company’s issued share capital from 8.86 billion to 9.54 billion shares, representing a 7.63% increase.
Post-transaction, founding shareholder Ma Qianzhou’s stake declined from 38.69% to 35.94%, while Zhao Yuebing’s holding eased from 8.79% to 8.17%. Public shareholding fell from 52.52% to 48.80%, and the vendor (or its nominees) now holds a 7.09% interest, becoming the third-largest shareholder.
The board stated that the transaction’s completion positions GT Gold to integrate the newly acquired assets immediately, with financial results consolidated from the completion date.
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