Zhongjin Gold (600489.SH) is planning to acquire the equity of four subsidiaries of its controlling shareholder.

The Zhongjin Gold (600489.SH) announced that the company plans to acquire 49.33625% equity of Inner Mongolia Jintao Co., Ltd. (referred to as Inner Mongolia Jintao) held by the controlling shareholder, China Gold Group Limited (referred to as Gold Group), 80% equity of Hebei Dabaiyang Gold Mine Co., Ltd. (referred to as Hebei Dabaiyang) held by Gold Group's wholly-owned subsidiary, China Gold Group Hebei Co., Ltd. (referred to as Hebei Company), 70% equity of Liaoning Tianli Gold Industry Co., Ltd. (referred to as Liaoning Tianli) held by Gold Group's controlling subsidiary, China Gold Group Technology Co., Ltd. (referred to as Technology Company), and 70% equity of Liaoning Jinfeng Gold Mine Co., Ltd. (referred to as Liaoning Jinfeng) (referred to as this transaction). The final equity acquisition plan will be negotiated after further audit and evaluation.