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Zijin Mining's Subsidiary to Invest $18.258 Billion in Chifeng Gold Stake

The acquisition highlights a significant strategic investment in the gold mining sector, reflecting...
March 23, 2026 by
Key Metrics

11.12

Heat Index
  • Impact Level
    Medium
  • Scope Level
    National
  • Last Update
    2026-03-23
Key Impacts
Positive Impacts (5)
Chifeng Gold
Zijin Mining
Gold Mining Sector
A-share Gold Miners
Chinese Nonferrous Metals & Mining Sector
Total impacts: 5 | Positive: 5 | Negative: 0
Event Overview

The acquisition highlights a significant strategic investment in the gold mining sector, reflecting industry consolidation and long-term growth potential. The premium pricing suggests confidence in future performance and market positioning.

Collect Records
Zijin Mining Subsidiary to Acquire 25.85% Stake in Chifeng Gold
2026-03-23 08:25

Zijin Gold, a wholly-owned subsidiary of Zijin Mining, plans to acquire a 25.85% stake in Chifeng Gold through a combination of agreement transfer and private placement, totaling 572 million shares. The acquisition will cost approximately 18.258 billion RMB. Specifically, Zijin Gold will purchase 242 million A-shares at 41.36 RMB per share, representing a 1.3% premium. Additionally, it will subscribe to 311 million H-shares at 30.19 HKD per share, which is about 83% of the 60-day average price of the H-shares.

Total records: 1
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