Brief: Td Holdings And Achieve Prosper Limited To Establish Joint Venture In Lombok, Indonesia For Mining Three Local Large Gold Deposits

BAIYU Holdings

30/05/2023 13:52

May 30 (Reuters) - TD Holdings Inc  GLG.O :
    * TD HOLDINGS, INC. AND ACHIEVE PROSPER LIMITED TO ESTABLISH
JOINT
VENTURE IN LOMBOK, INDONESIA FOR MINING THREE LOCAL LARGE GOLD
DEPOSITS
    * TD HOLDINGS INC - PURSUANT TO AGREEMENT, JV WILL ENGAGE IN
EXPLORING, EXTRACTING, BENEFICIATING, AND SELLING GOLD DEPOSITS
    * TD HOLDINGS INC - COMPANY, AP AND LOCAL COOPERATIVE
COMMUNITY
WILL OWN 80%, 10%, AND 10% EQUITY INTEREST OF JV, RESPECTIVELY
    * TD HOLDINGS INC - CO IS RESPONSIBLE FOR GOLD EXPLORATION,
MINING, BENEFICIATION, EQUIPMENT AND TECHNOLOGY INVESTMENT, AND
DAILY OPERATION
    * TD HOLDINGS INC - AP IS RESPONSIBLE FOR HANDLING RELEVANT
CERTIFICATE PROCEDURES AND COORDINATING GOVERNMENT RELATIONS

Source text for Eikon:  ID:nPn2f9Wt1a 
Further company coverage:  GLG.O 

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