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Zijin Mining Plans to Invest CNY3.34bn in 2 Units

2017-06-16 14:29:13

Sinocast

  SHANGHAI, June 15, SinoCast -- Zijin Mining announces that it gained a net financing of roughly CNY 4.6 billion from a non-public offering of 1.49 billion A-shares in 2016.
 
  The company plans to invest CNY 3.23 billion or equivalent in foreign currency in Gold Mountains (H.K.) International Mining; the company will remain the sole owner of the latter.
 
  Moreover, the company plans to invest additional CNY 105 million in Zijin Copper, raising the latter's registered capital to CNY 2.22 billion; the company will remain the sole owner.
 
  The investments will help the two affiliates fund respective projects.