Shandong Gold Mining Renews Service Framework Agreement With Controlling Shareholder

MT Newswires Live11:53

Shandong Gold Mining (SHA:600547, HKG:1787) renewed a comprehensive services framework agreement for three years with controlling shareholder Shandong Gold Group and its subsidiaries, covering daily related-party transactions for 2027 to 2029.

Annual caps of daily related-party transactions will be 53.9 billion yuan in 2027, 60.7 billion yuan in 2028 and 72.8 billion yuan in 2029, a Wednesday aftermarket filing with the Shanghai Stock Exchange showed.

Transactions include purchasing and selling gold bullion, gold and zinc concentrates, electricity, construction services, property services, equipment, and leasing.

Shares of the gold miner were down 2% in recent trade.

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