Zijin Mining route through QDII gold shares in Asia – china CPR-1000 Current Pro
Zijin Mining's overseas M & A show more flowers, a multi-pronged feature, the company announced today, according to the company's willingness to invest, ICBC Credit Suisse agreed to serve as the Qualified Domestic Institutional Investor (QDII), Inter-Citic Minerals Inc.1600 subscribe for shares, company is the actual time the holder to subscribe for shares.
According to reports, ICI in 2006 in the Canadian mining listed on the GEM Exchange, is principally engaged in gold exploration and development business, the current joint venture with the Qinghai Geological Survey of Qinghai-Canada cooperation in the establishment of a large field of mining companies, which owned 83% of ICI The joint venture has a large field gold project in Qinghai Province.
Zijin Mining announcement said, this subscription price of ICI shares added 1.16 yuan / share, total about 127 million yuan. Zijin Mining from the subscription price of ICBC Credit Suisse QDII in the special account to pay, this will be of shares in ICBC Credit Suisse custody. Notice further disclosure outside the previously wholly owned subsidiary of Zijin Mining, Toronto Stock Exchange through the purchase of ICI416 shares, together with the acquisition, total shares held by 2016, representing the total share capital of ICI at present 19.15%, or fully diluted post issue 17.24% of total share capital. The subscription of shares of restricted sale period of 12 months.
Zijin Mining shares ICI, was the first domestic listed companies, overseas acquisitions route through the implementation of QDII funds were the case. According to Notice introduction, Zijin Mining in December 2009 and ICBC Credit Suisse Asset Management signed the contract, as its customers in overseas markets to carry out a specific amount is 2 billion equity investment in mining companies.
ICI extraordinary corporate history, major shareholders are Hong Kong and Macao's famous families, including Lee Shau-kee of Henderson Group's Chief Executive Edmund Ho and Macao before the family, the company has nine directors on line in 2 patients, Henderson; brother of Edmund Ho Hau Wing Ho has served as executive director, he duties was to identify and oversee the company's mineral projects in China. Exploration of Qinghai in 2003 a large field of external tender gold exploration at a number of mining giant higher risk because the ultimate waiver, with a strong background and financial resources of ICI's winning 30-year mine exploration and development rights, thus excavated this Billed as Asia's first large gold mine.
However, the relevant policy limit and the local weak infrastructure, ICI can ultimately exploitation of the mine, currently still suspense, it has become the greatest risk Zijin Mining shares.
I am an expert from repairtestequipments.com, while we provides the quality product, such as china CPR-1000 Current Probe Reader , EUS-1001 Tester manufacturer, rail repair tools,and more.
Processing your request, Please wait....
