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Shandong Gold Mining Co Ltd to Issue A Shares for Equity Acquisition and Fund Raising

Friday, 28 Jun 2013 08:00pm EDT 

Shandong Gold Mining Co Ltd announced that it will issue approximately 296,071,400 A shares of common stock with par value of MRB 1.00 per share at RMB 33.72 per share, to Shandong Gold Group Co., Ltd., a Jinan-based mining group, a Laizhou-based mining company, and a Yantai-based mining company, and Mr. Wang Zhiqiang, so as to acquire a 100% stake in a Shandong-based mining industry company, a 70.65% stake in another Shandong-based company, a 70% stake in a Song County-based mining company, a 63% stake in a Hainan-based mining company, and a combined 100% stake in a Penglai-based mining company and a Laizhou-based mining investment development company, as well as assets of several mines. The Company will also issue up to 88,968,000 A shares at no less than RMB 33.72 per share to another 10 investors, to raise up to RMB 3 billion. 

Company Quote

0.4 +2.03%
19 Dec 2014