Ningbo Yunsheng announced that China Mining Hong Kong Rare Earth, a subsidiary of the company's shareholding company Zhongyun Mining, plans to transfer 99% of its shares in African Lion Mining to the buyer Sino Great Chemical Company Limited for 19.305 million US dollars. The buyer and seller have signed an “Equity Transfer Agreement”. This transaction does not constitute a related transaction or major asset restructuring. It has been approved by the 22nd meeting of the 11th board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration. The sale is expected to confirm net profit of US$7.1623 million attributable to the parent company, which is expected to have a positive impact on the company's 2026 financial statements.
Zhitongcaijing · 2d ago
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Ningbo Yunsheng announced that China Mining Hong Kong Rare Earth, a subsidiary of the company's shareholding company Zhongyun Mining, plans to transfer 99% of its shares in African Lion Mining to the buyer Sino Great Chemical Company Limited for 19.305 million US dollars. The buyer and seller have signed an “Equity Transfer Agreement”. This transaction does not constitute a related transaction or major asset restructuring. It has been approved by the 22nd meeting of the 11th board of directors of the company, and there is no need to submit it to the shareholders' meeting for consideration. The sale is expected to confirm net profit of US$7.1623 million attributable to the parent company, which is expected to have a positive impact on the company's 2026 financial statements.
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