Zheng Quan Shi Bao·2025-11-30 17:24Core Viewpoint - Jiangxi Copper is pursuing a non-binding cash offer to acquire all shares of SolGold Plc, with the latest offer priced at 26 pence per share, approximately 2.43 RMB [2][3] Group 1: Acquisition Details - Jiangxi Copper submitted two non-binding cash offers to SolGold's board on November 23 and November 28, 2025 [2] - The latest offer aims to acquire all shares of SolGold at a price of 26 pence per share [2] - SolGold is an exploration and development company with its core asset being the Cascabel project in Ecuador, which has significant mineral resources [2] Group 2: Financial Transactions - In March 2025, Jiangxi Copper's wholly-owned subsidiary acquired 157 million shares of SolGold, representing 5.24% of its issued shares, for a total consideration of 18.0712 million USD, approximately 130 million RMB [3] - Following this transaction, Jiangxi Copper holds a total of 366 million shares in SolGold, amounting to 12.19% of its issued shares, making it the largest single shareholder [3] Group 3: Future Plans and Uncertainty - Jiangxi Copper expressed intentions to provide technical consulting services for SolGold's Cascabel project, contingent upon reaching an agreement with SolGold [3] - The acquisition process is still in the non-binding offer stage, and both offers have been rejected by SolGold's board, leaving the possibility of a formal offer uncertain [3]