Zijin Mining to spend CNY 18 billion for control of Chifeng Gold stake and new shares

Reuters03-23 08:19

<a href="https://laohu8.com/S/02899">Zijin Mining</a> to spend CNY 18 billion for control of Chifeng Gold stake and new shares

Zijin Gold, a wholly owned subsidiary of Zijin Mining, agreed to buy 241.93 million A shares of Chifeng Gold from Li Jinyang and Zhejiang Hanfeng for CNY10.01 billion, priced at CNY41.36 per share.
Separately, Zijin Gold agreed to subscribe for 310.9 million new H shares of Chifeng Gold for HKD9.39 billion, priced at HKD30.19 per share.
The combined consideration for the two transactions is about CNY18.26 billion.
After completion, Zijin Mining’s wholly owned subsidiaries are expected to hold 571.66 million shares of Chifeng Gold, representing about 25.85% of its total shares after the new H-share issuance.
Li Jinyang and Zhejiang Hanfeng are expected to hold 0 shares of Chifeng Gold after completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zijin Mining Group Company Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260323-12062095), on March 23, 2026, and is solely responsible for the information contained therein.

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ID: HKEX-EPS-20260323-12062095), on March 23, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1051769294.HKD","symbol_name":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260323:nNDL8hxrqC:1","article_id":"2621747166","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621747166","pubTimestamp":1774225186,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Zijin Gold, a wholly owned subsidiary of Zijin Mining, agreed to buy 241.93 million A shares of Chifeng Gold from Li Jinyang and Zhejiang Hanfeng for CNY10.01 billion, priced at CNY41.36 per share.Separately, Zijin Gold agreed to subscribe for 310.9 million new H shares of Chifeng Gold for HKD9.39 billion, priced at HKD30.19 per share.The combined consideration for the two transactions is about CNY18.26 billion.After completion, Zijin Mining’s wholly owned subsidiaries are expected to hold 571.66 million shares of Chifeng Gold, representing about 25.85% of its total shares after the new H-share issuance.Li Jinyang and Zhejiang Hanfeng are expected to hold 0 shares of Chifeng Gold after completion.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zijin Mining Group Company Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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