Hong Kong stock Guixin Group intends to acquire 100% equity of African Metallurgical Mining Group

China Finance Online
2024.10.08 10:31
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Guixin Group, a Hong Kong-listed company, announced on October 2, 2024, that it has signed a memorandum of understanding with the seller to acquire 100% equity of the African Metallurgical Mining Group. The target company focuses on geological exploration and mining, has obtained exploration permits for three mining areas in Burkina Faso, with a potential gold resource of 50 tons, worth over $130 billion. This acquisition will provide Guixin Group with strategic opportunities, enhance its competitive advantage, and reduce market volatility risks