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