CTM(SH:600711) Ge Long Hui A P P·2025-10-14 12:00Core Viewpoint - Shengton 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 USD 190 million or RMB 1.35 billion, funded by the company's own or raised funds [1] Group 1: Acquisition Details - The acquisition will result in Shengton Mining holding 100% of Loncor's shares upon completion [1] - Loncor is registered under Canadian law and is primarily engaged in exploration and mineral resource development in the Democratic Republic of the Congo [1] - Loncor's shares are listed on the Toronto Stock Exchange (TSX: LN), Frankfurt Stock Exchange (FSE: LO5), and OTCQX (LONCF) [1] Group 2: Financial and Operational Status - Loncor'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 is subject to fluctuations in international gold prices influenced by various macroeconomic and geopolitical 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]