Yuntu Holdings (002539.SZ) plans to acquire a 49% stake in Shenglong Mining, stabilizing the source of phosphate ore raw materials.
Zhtng Cijng APP News, Ynt Kngg (002539.SZ) Announcement, the company signed a "Capital Increase and Share Expansion Agreement" with Mbin Xnyng Zhyun Qy Gunl Yuxin Gngs (referred to as "Xnyng Zhyun") and its wholly-owned subsidiary Schun Mbin Shnglng Kungy Yuxin Gngs (referred to as "Shnglng Kungy") on September 22, 2025. The company will participate in Shnglng Kungy by increasing its capital and expanding its shares by 49% (increasing capital by 49 million yuan), and will use Shnglng Kungy as the implementing subject to jointly develop the Erba Phosphorus-Lead-Zinc Mine in Mbin Yi Autonomous County, Lshn City, Schun Province (with a phosphate ore reserve of approximately 29.27 million tons, an average grade of P2O5 of 23.37%, and a mining scale of 500,000 tons/year).
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