Core Viewpoint - The company has conditionally agreed to acquire 100% of the equity of the target company, Longxin Construction Development, which is expected to enhance its gold mining operations through synergies, cost savings, and improved operational efficiency [1][3]. Group 1: Acquisition Details - The acquisition involves the issuance of 110 million consideration shares, representing approximately 2.12% of the company's existing share capital as of the announcement date, and about 2.07% of the enlarged share capital post-issuance [1]. - The consideration shares will be issued under general authorization and do not require shareholder approval, and the company will apply for the listing and trading of these shares on the stock exchange [1]. Group 2: Target Company Information - The target company is a limited liability company registered in the Seychelles and serves as an investment holding company, fully owning a Hong Kong subsidiary, which in turn owns a wholly foreign-owned enterprise in China [2]. - The project company, primarily engaged in mining engineering and construction, is a service provider to the company [2]. Group 3: Expected Benefits - The acquisition is anticipated to bring significant benefits to the company and its shareholders, including synergies that will enhance cost savings, promote collaboration, and support sustainable and diversified business development across different markets [3]. - It is expected to improve the company's management and control over mining safety production aspects, thereby enhancing operational efficiency and ensuring effective risk management [3]. - The acquisition is projected to elevate the company's reputation in the gold mining industry and contribute to increased profitability, creating value for shareholders and stakeholders [3]. Group 4: Financial Implications - The consideration for the acquisition will be paid through the issuance of shares, which means there will be no immediate cash outflow for the company [4].
潼关黄金(00340.HK)拟收购陇鑫建设发展100%股本