Shandong Gold invests RMB 1.2 billion to hold the Lingyuan Molybdenum Industry

On June 7, the equity transfer agreement of the Hujiadao Lingqian Molybdenum Co., Ltd. of the Yangjiazhangzi Economic Development Zone was signed. Shandong Gold Mining Co., Ltd. will invest RMB 1.2 billion to hold a 67% stake in Huludao Lingqian Molybdenum Co., Ltd.

The Huludao Municipal Party Committee and the Municipal Government decided to introduce new investors based on the advancement of Yangjiazhangzi's mineral resources and introduce new investors, extend the industrial chain, enlarge and strengthen the Yangjiazhangzi mining economy, and gradually list on the capital market. To promote the full transformation of Yang Jiazhang. After Shandong Gold Capital injected 1.2 billion yuan to hold the new company, it planned to invest 3.9 billion yuan in the new company at the initial stage to complete the related initial investment in the new company's mineral development.

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