HK Stock Market Move | Zijin Mining Group (02899) rises nearly 3%, intends to acquire Zangge Mining shares, with possible change in control.

Zijin Mining Group (02899) rose nearly 3%, up 2.86% to HK$15.1 at the time of writing, with a turnover of HK$83.58 million. On the news front, Zijin Mining Group announced that the company is in discussions with the largest shareholder of Zangge Mining, Tibet Zangge Entrepreneurship Investment Group Co., Ltd. (Tibet Zangge Investment) and its concerted action person, the second largest shareholder Ningbo Meishan Bonded Port Area Xinsha Hongyun Investment Management Co., Ltd. (Xinsha Hongyun Investment) regarding a potential acquisition of Zangge Mining shares (potential acquisition matter), which may involve a change in control of Zangge Mining. The company reminds that this acquisition is still subject to approval by the company's board of directors and the formal signing of the acquisition agreement.