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Xinjiang Xinxin Mining Industry Co ( (HK:3833) ) has issued an announcement.
Xinjiang Xinxin Mining Industry Co., Ltd. has announced the acquisition of a 51% equity interest in a Target Company for approximately RMB1,098.08 million. This acquisition will make the Target Company a non-wholly owned subsidiary of Xinjiang Xinxin, consolidating its financial information into the company’s financial statements and marking a significant expansion in its operations. This transaction is classified as both a major and connected transaction under Hong Kong’s Listing Rules, requiring reporting, announcement, and shareholder approval.
More about Xinjiang Xinxin Mining Industry Co
Xinjiang Xinxin Mining Industry Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, with a focus on mining industries. The company is listed with stock code 3833.
For detailed information about 3833 stock, go to TipRanks’ Stock Analysis page.
