CHINATUNGSTEN HIGHTECH: Plans to acquire a stake in Yuanjing Tungsten Industry for 821 million yuan
On October 26th, CHINATUNGSTEN HIGHTECH announced that it plans to acquire 99.9733% equity of Hengyang Yuanjing Tungsten Industry Co., Ltd. held by Minmetals Tungsten for a cash payment of 821 million yuan, with all required funds sourced from the company's own funds. This transaction constitutes a related party transaction and is subject to approval by the company's shareholders' meeting