Huayu Mining pays RMB 509m for gold mine stake
Tibet Huayu Mining addressed Shanghai Stock Exchange inquiries over its Asia-Pacific Mining acquisition after the target company's valuation jumped from RMB 1.25 billion to RMB 2.52 billion.
The revaluation triggered a compensation payment of RMB 509.19 million to Guangxi Dirun. The valuation increase followed elimination of project uncertainties and issuance of underground mining permits in May 2024.
Huayu Mining will control 51% of Asia-Pacific Mining and estimates gold production of 3.5 tonnes annually once fully operational.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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