According to the announcement of Zhaojin Gold, there are new developments in Zhaojin Ruining's equity adjustments disclosed in 2024: on October 21, 2026, Zhaojin Group and Ran Shengtong signed an “Equity Transfer Agreement” to acquire 20% of Zhaojin Ruining's shares held by Ran Shengtong; Zhaojin Group and Zijin Investment will not immediately hand over 11.11% of Zijin Investment's shares, and the two sides will continue to discuss the extension arrangement. The acquisition is still subject to state-owned approval and related legal procedures. After completion, Zhaojin Ruining is still the controlling shareholder of the company, and the Zhaoyuan Municipal People's Government remains the actual controller.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.