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Western Gold: Acquisition Plan for 100% Stake in Xinjiang Meisheng Mining at 1.655 Billion Yuan
1 week ago /
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Author：小编
Western Gold has announced its intention to acquire 100% equity of Xinjiang Meisheng Mining, currently held by Xinjiang Nonferrous Metals, through a combination of its own funds and loans totaling 1.655 billion yuan. This transaction carries a premium rate as high as 1421.66%. Meisheng Mining possesses the Katebasu gold-copper polymetallic mine project located in Xinyuan County, yet it has not commenced production or business activities since being acquired by Xinjiang Nonferrous Metals. It is anticipated that the company will commence operations in the latter half of 2025.
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