Brief: China Mining Resources updates on acquisition of remaining interest in target company

Tongguan Gold

04/08/2016 14:18

Aug 4 (Reuters) - China Mining Resources Group Ltd  0340.HK : 
 * Major acquisition in relation to the acquisition of the remaining interest in 
   the target company  0340.HK  
 * Deal for at the consideration of hk$140.4 million 
 * Says the purchaser, the vendors and the guarantors entered into the agreement 
 * Vendors agreed to sell the sale shares at the consideration of hk$438 million 
 * Says the intention of the company to finance the consideration by the 
   internal resources of the group 
 * Consideration shall be settled by combination of cash consideration of hk$80 
   million, and issue of 4.48 billion consideration shares by co at hk$0.08 each 
 
 * Source text for Eikon  ID:nHKS3Fqy5J  
 
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