Huan Qiu Wang·2025-12-13 02:59Group 1 - Jiangxi Copper has raised its acquisition offer for SolGold to 28 pence per share, valuing the deal at approximately £842 million (around $1.13 billion) [1] - The latest offer represents a 7.7% increase from the previous bid of 26 pence per share made last month [1] - SolGold's board has shown a significant shift in stance, indicating a preference to recommend the new offer to shareholders if formally presented [1] Group 2 - Jiangxi Copper has gained support from other major shareholders of SolGold, which could enhance its resource reserves significantly if the acquisition is successful [1] - The core asset of SolGold is the Cascabel copper-gold project in Ecuador, regarded as one of the world's top undeveloped copper deposits [1] - Despite the improved acquisition terms and initial board approval, market sentiment remains cautious, with SolGold's stock price dropping by about 11% after the announcement [3] Group 3 - The acquisition still requires several conditions to be met, notably approval from Chinese regulatory authorities for overseas investments [3] - Jiangxi Copper has confirmed that it has initiated the domestic approval process for the acquisition [3] - The outcome of this acquisition will be a significant case to observe the overseas expansion and international resource acquisition trends of Chinese mining companies [3]