Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) proposed to dispose of its 60% equity in subsidiary Xilingol League Shuangyuan Nonferrous Metals Smelting, for 87.7 million yuan, according to a Shenzhen bourse filing on Friday.
Chenzhou Xiangxiang Logistics and Hainan Zhuyuan Industrial will each acquire 30% of Xilingol League.
The mining company will retain 40% of Xilingol League after the completion of the transaction.
The company's shares dropped less than 4% at the close.
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