Brief: China Nonferrous Mining Corp Updates On Proposed Acquisition Of 74.52% Stake In Co
09/03/2020 13:31
March 9 (Reuters) - China Nonferrous Mining Corp Ltd
1258.HK :
* PURCHASER MADE ANNOUNCEMENT ON PROPOSED ACQUISITION OF
74.52%
STAKE IN CO
* CONSIDERATION FOR PROPOSED ACQUISITION IS RMB7.36 BILLION
* PURCHASER SHALL ISSUE 1.74 BILLION NEW SHARES AS
CONSIDERATION
SHARES
* PURCHASER INTENDS TO RAISE PROCEEDS NOT MORE THAN RMB3.2
BILLION
THROUGH NON-PUBLIC ISSUANCE OF SHARES
Source text for Eikon: ID:nHKS4yn8xc
Further company coverage: 1258.HK
((Reuters.Briefs@thomsonreuters.com;))
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