According to the North Co., Ltd. announcement, the company purchased 9.90% of the shares of the holding subsidiary Beifang Mining for 249.385 million yuan, while relinquishing the preferential purchase rights for another 40% of Beifang Mining's shares. This portion of the shares was purchased by Nanfang Asset. After the transaction was completed, the company's shareholding ratio in Northern Mining increased from 50.10% to 60.00%, China Southern Asset held 40% of the shares, Baoli Zhixing no longer held shares, and the scope of the company's consolidated statements remained unchanged. Up to now, the transaction has completed share settlement and industrial and commercial change registration procedures.

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.