TONGGUAN GOLD (00340) plans to acquire 100% equity of Longxin Construction and Development Co., Ltd. for 260 million yuan.
Tongguan Gold (00340) announced that on December 19, 2025, the company plans to acquire 100% equity of Longxin Construction Development Co., Ltd. The total consideration is 260 million yuan, and the consideration will be paid by the company issuing a total of 110 million shares at the issue price of HK$2.6 per share.
TONGGUAN GOLD (00340) announced that on December 19, 2025, the company intends to acquire 100% equity of Longxin Construction and Development Co., Ltd. for a total consideration of 260 million RMB. The consideration will be issued by the company at a price of 2.6 Hong Kong dollars per share, totaling 110 million shares of consideration shares.
The announcement stated that the project company is mainly engaged in mining engineering and construction, and is a current service provider for the company. The acquisition will bring synergies to the group's gold mining business, improve cost savings and operational efficiency, and strengthen control over all aspects of mine safety production.
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