Anning Iron and Titanium plans major asset restructuring

Sichuan Anning Iron and Titanium (SZSE:002978) is proceeding with plans for a major asset restructuring involving the acquisition of 100% equity in Panzhihua Jingzhi Mining through a cash payment. Due to Jingzhi Mining's ongoing restructuring proceedings, the specific details of the deal are not yet finalized. The company's board approved the initial restructuring plan on February 19, 2025, but the transaction remains uncertain and subject to external factors. Investors are advised to be aware of potential risks and uncertainties associated with the restructuring.