Zijin Mining Group (HKG:2899, SHA:601899) plans to acquire Zangge Mining (SHE:000408), according to a Hong Kong Stock Exchange filing on Friday.
Zijin is negotiating with Tibet Zangge Venture Capital Group and its concert party, and Ningbo Meishan Bonded Port Area Xinsha Hongyun Investment Management for the potential acquisition, the Chinese mining company said.
The company's shares rose less than 2% in recent trade.
Zijin's Hong Kong shares jumped less than 4% and Shanghai shares rose less than 2% in recent trade.
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