ANING plans to invest 6.508 billion yuan to participate in the restructuring of Jingzhi Minerals and its affiliated enterprises and acquire 100% equity
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According to the Zhitong Finance APP, ANING announced that the listed company plans to pay cash of 6.508 billion yuan to participate in the substantial merger and reorganization of Jingzhi Minerals, Hongxin Industrial and Trade, and Liyu Mining, ultimately acquiring 100% equity of the three companies. After the completion of this transaction, Jingzhi Minerals, Liyu Mining, and Hongxin Industrial and Trade will become wholly-owned subsidiaries of the listed company, and the company's resource reserves, business scale, market share, and profitability are expected to further improve
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