Yunnan Chihong Zinc & Germanium Co., Ltd. agreed to acquire Qinghai Hongxin Mining Industry Co.,Ltd. from Yunnan Copper Co.,Ltd and Yun Tong Zinc Co., Ltd.
January 11, 2024
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Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) agreed to acquire Qinghai Hongxin Mining Industry Co.,Ltd. from Yunnan Copper Co.,Ltd (SZSE:000878) and Yun Tong Zinc Co., Ltd. for CNY 1.1 billion on December 19, 2023. As of September 30, 2023, Qinghai Hongxin Mining Industry Co.,Ltd. generated total assets of CNY 934.16 million and net assets of CNY 735.72 million. The transaction is approved by board of directors of Yunnan Chihong Zinc & Germanium Co., Ltd. As on January 5, 2024 Yunnan Chihong Zinc & Germanium' shareholders approve the transaction.
Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) agreed to acquire Qinghai Hongxin Mining Industry Co.,Ltd. from Yunnan Copper Co.,Ltd (SZSE:000878) and Yun Tong Zinc Co., Ltd. on January 12, 2024.
Yunnan Chihong Zinc & Germanium Co., Ltd. is a China-based company principally engaged in the beneficiation and smelting of non-ferrous metals. The Company's main products include zinc products, lead products, sulfuric acid, silver ingots, sulfur concentrates, gold, lead concentrates, zinc concentrates, coal, electrolytic copper products, germanium concentrates, copper concentrates and electrolytic nickel products. The Company is also involved in the provision of engineering and technical services.
YUNNAN CHIHONG ZINC & GERMANIUM CO., LTD. 
