---
title: "Zijin Mining (2899) invested over 18.2 billion yuan to acquire shares in CHIFENG GOLD (6693), becoming the largest single shareholder"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280431160.md"
description: "Zijin Mining (2899) acquired a controlling stake in CHIFENG GOLD (6693) for over 18.2 billion RMB, becoming its largest single shareholder. This transaction involved Li Jinyang and his concerted actors transferring 242 million unrestricted circulating shares to a wholly-owned subsidiary of Zijin Mining at a price of 41.36 RMB per share, with a total transaction value of 10.006 billion RMB, while the remainder was completed through a directed issuance of H shares. This move marks a change in the actual controller of CHIFENG GOLD to the Finance Bureau of Shanghang County, Fujian Province"
datetime: "2026-03-25T07:39:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280431160.md)
  - [en](https://longbridge.com/en/news/280431160.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280431160.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280431160.md) | [繁體中文](https://longbridge.com/zh-HK/news/280431160.md)


# Zijin Mining (2899) invested over 18.2 billion yuan to acquire shares in CHIFENG GOLD (6693), becoming the largest single shareholder

Zhao Meiguang, a mining tycoon from Inner Mongolia and the founder of CHIFENG GOLD, passed away four years ago. His widow, Li Jinyang, born in the 1980s, has ended her "holding without management" status and chosen to completely exit the shareholder ranks. The actual controller of the company will undergo significant changes. After the transaction is completed, this privately-owned mining company from Inner Mongolia will officially be incorporated into the vast "Zijin system," with the actual controller changing to the Finance Bureau of Shanghang County, Fujian Province.

According to the transaction plan disclosed by CHIFENG GOLD, the change of control will be advanced through a combination of "agreement transfer + targeted issuance": Li Jinyang and her concerted action partner, Zhejiang Hanfeng Venture Capital Partnership (Limited Partnership), intend to transfer all of their 242 million unrestricted circulating shares (accounting for 12.73% of the company's current total share capital) to Zijin Mining's wholly-owned subsidiary, Zijin Gold, at a price of RMB 41.36 per share. The total transaction value for this part amounts to RMB 10.006 billion; the remaining approximately RMB 8.252 billion will be completed through a targeted issuance of H shares, with the two transactions together constituting a total acquisition scale of RMB 18.258 billion

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