CTM(SH:600711) Ge Long Hui·2025-10-14 11:49Core Viewpoint - The company Shengtun Mining (600711.SH) plans to acquire all issued and outstanding common shares of Loncor at a price of CAD 1.38 per share, totaling approximately CAD 261 million, equivalent to about USD 190 million or RMB 1.35 billion [1] Group 1: Acquisition Details - The acquisition will result in the company holding 100% ownership of Loncor upon completion [1] - The funding for the acquisition will come from the company's own or raised funds [1] Group 2: Target Company Overview - Loncor is registered under Canadian law and is headquartered in Toronto, Ontario, primarily engaged in exploration and mineral resource development in the Democratic Republic of the Congo (DRC) [1] - Loncor's shares are listed on the Toronto Stock Exchange (TSX: LN), Frankfurt Stock Exchange (FSE: LO5), and OTCQX (LONCF) [1] Group 3: Financial and Operational Status - The target company's mining areas have not yet undergone large-scale construction and are currently not operational, resulting in ongoing losses [1] - The main product of Loncor is gold, and its economic performance may be affected by fluctuations in international gold prices due to various global macroeconomic and political factors [1] - The mining areas are located in northeastern DRC, a region rich in gold resources but also associated with conflict and violence, posing safety risks [1]