Shengda Resources: Intends to acquire 20% equity and some debt of Deyun Mining.

date
25/05/2026
Shengda Resources announced that the company plans to acquire 20% of the shares of Deyun Mining, held by Zhao Shuquan, for 87.10 million yuan in cash, and at the same time to acquire the debt rights held by Zhao Shuquan in Deyun Mining for 31.1478 million yuan in cash. After the completion of the transaction, the company's stake in Deyun Mining will increase from 54% to 74%. Deyun Mining owns the mining rights for the Bayanbaolege silver polymetallic mine in Aruke'erqin Banner, Inner Mongolia Autonomous Region, and the prospecting rights for the Bayanbaolege lead-zinc polymetallic mine. These two mining rights are the core assets of Deyun Mining.