Western Region Gold to acquire Xinjiang Meisheng, consolidates subsidiary

Western Region Gold (SSE:601069) has announced plans to acquire 100% of Xinjiang Meisheng Mining Co., Ltd. from its controlling shareholder, Xinjiang Nonferrous Metal Industry (Group) Co., Ltd., in a cash transaction. This related transaction, approved by the board, is designed to resolve potential competition issues and enhance Western Region Gold’s resource base. Xinjiang Meisheng holds rights to the promising Kartebaa Su gold-copper polymetallic mine project in Xinyuan County, expected to begin production in the second half of 2025.