Jinduicheng Molybdenum Completes Stake Boost in Anhui Jinsha Moly

MT Newswires Live03-06 18:50

Jinduicheng Molybdenum (SHA:601958) completed the full payment and regulatory filing for raising its stake in Anhui Jinsha Moly to 34% from 10%.

The company acquired the 24% stake from Zijin Mining (SHA:601899, HKG:2899) for 1.73 billion yuan, according to a Friday filing with the Shanghai bourse.

Shares of the molybdenum miner closed 2% lower Friday.

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