Domestic

Real Gold Mining to acquire two companies

(Xinhua)
Updated: 2010-05-14 11:03
Large Medium Small

HONG KONG: China's Real Gold Mining Limited (Real Gold), an investment holding company, said it would acquire 100 percent equity interest in Great Future and Yuanyi Mining through its subsidiaries.

Related readings:
Real Gold Mining to acquire two companies Mining tax may boost Oz PM's appeal
Real Gold Mining to acquire two companies Zijin Mining posts Q1 net profit up 40%
Real Gold Mining to acquire two companies Tough time for towns where mines run dry
Real Gold Mining to acquire two companies China mining firm to invest in Zambia venture

The Inner Mongolia-based firm said in a statement that it would acquire Great Future by Lita Investment for a consideration of $70 million, which would be satisfied by cash.

Besides, the acquisition of Yuanyi Mining would be achieved by its subsidiary company, Chifeng Fuqiao. The consideration would be satisfied in cash at the amount of 3 million yuan (about $439,200).

Real Gold is mainly engaged in the exploration, mining and processing of gold ore and sale of concentrates in China.
Specials
Columnists
Newsmaker
Biz Unusual
China Daily E-paper