Hunan Gold unit advances bid for jewelry firm stake

Hunan Gold Corp (SZSE:002155) announced that its wholly-owned subsidiary, Hunan Chenzhou Mining Co., Ltd., has made substantial progress in its bid to acquire a 12% equity interest in Hunan Gold Jewelry Industrial Co., Ltd. Chenzhou Mining aims to increase its control over the jewelry company by acquiring the stake currently held by Hunan Guoding Investment Co., Ltd. On March 31, 2025, Chenzhou Mining signed a 《Property Rights Transaction Contract》 for the acquisition, priced at CNY 24,180,396.00. As of April 25, 2025, Hunan Gold announced the completion of the payment for the transfer. Upon completion of the transaction, Hunan Gold Jewelry will remain a subsidiary of Chenzhou Mining, with the latter holding 90% of its shares. The acquisition was approved at the corporation's seventh board of directors sixth meeting on January 23rd, 2025, and remains subject to customary regulatory procedures, including equity transfer registration.