Inner Mongolia Xingye Silver & Tin Mining (000426.SZ): Plans to acquire 100% equity of Sunshine Investment for 164 million yuan.
Industrial Bank Xinyi (000426.SZ) announced that its wholly-owned subsidiary, Tibet Shannan Antimony Gold Mining Co., Ltd. (referred to as "Shannan Antimony Gold"), is planning to establish a new wholly-owned subsidiary, Tibet Xinda Mining Co., Ltd. (referred to as "Xinda Mining"), to acquire 100% equity of Tibet Sunshine Mining Investment Co., Ltd. (referred to as "Sunshine Investment") held by Zhang Jing and Zhang Ying with its own funds and self-raised funds of 164 million yuan. After the completion of this transaction, Xinda Mining will hold 100% equity of Sunshine Investment, and Sunshine Investment will be included in the company's consolidated financial statements.
Inner Mongolia Xingye Silver & Tin Mining (000426.SZ) announced that its wholly-owned subsidiary, Tibet Shannan Antimony Gold Mining Co., Ltd. (referred to as "Shannan Antimony Gold"), has established a new wholly-owned subsidiary, Tibet Xinda Mining Co., Ltd. (referred to as "Xinda Mining"), which intends to acquire 100% equity of Tibet Sunshine Mining Investment Co., Ltd. (referred to as "Sunshine Investment") held by Zhang Jing and Zhang Ying with its own funds and self-raised funds totaling 164 million yuan. After the completion of this transaction, Xinda Mining will hold 100% equity of Sunshine Investment, and Sunshine Investment will be included in the company's consolidated financial statements.
The core asset of the target company is its controlling subsidiary, Tibet Shannan Region Sunshine Mining Development Co., Ltd. (referred to as "Sunshine Mining"), with a 70% equity stake. The core assets of Sunshine Mining Development include the exploration and mining rights of Chalapu Gold Mine in Lhoka County, Shannan, Tibet, and the planned mining rights of Section II.
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