Core Viewpoint - Baodi Mining (601121.SH) has received approval from the Shanghai Stock Exchange for its application to issue shares for asset acquisition and raise supporting funds [1][2]. Group 1: Acquisition Details - Baodi Mining plans to acquire 82% and 5% stakes in Xinjiang Congling Energy Co., Ltd. from Kizilsu Congling Industrial Co., Ltd. and JAM INVESTMENTS CO. LTD., respectively, totaling 87% ownership in Congling Energy [2]. - The total transaction price for acquiring 87% of Congling Energy is set at 685 million yuan, with 596 million yuan to be paid through share issuance and the remaining 89.375 million yuan in cash [2]. Group 2: Fundraising and Utilization - Baodi Mining intends to raise up to 560 million yuan from no more than 35 specific investors, including Xinjiang Geological Mining Investment (Group) Co., Ltd., to support this transaction [2]. - The raised funds will primarily be used for the construction of the Ziluoyi North Iron Mine beneficiation and tailings storage project in Akto County, payment of the cash consideration for the transaction, and to supplement working capital and repay debts for both Baodi Mining and Congling Energy [2]. Group 3: Resource Impact - Congling Energy possesses rich resources at the Ziluoyi North Iron Mine in Akto County, with a total reserve of 82.6611 million tons [2]. - Following the completion of this transaction, Baodi Mining's iron ore resources are expected to increase significantly to approximately 460 million tons, representing a growth rate of 21.75% in reserves [2].
宝地矿业重大资产重组获上交所受理 拟收购葱岭能源87%股权