Wanguo International Mining Group Ltd. (HK:3939) has released an update.
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Wanguo Gold Group Limited has announced the conditional acquisition of a 20.22% interest in a target company, with the transaction involving approximately HK$732.6 million settled via the issuance of new shares. This strategic move will increase the Group’s holding to a substantial 98% stake in the target company, subject to shareholder approval and specific listing rules. Shareholders are advised to exercise caution when dealing with the company’s shares until the transaction is completed.
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