Jin Rong Jie·2025-12-29 02:04Group 1 - Jiangxi Copper Co., Ltd. (00358) opened nearly 10% higher and is currently up 9.99%, trading at HKD 40.96 with a transaction volume of HKD 78.23 million [1] - Jiangxi Copper announced that its wholly-owned subsidiary, Jiangxi Copper Hong Kong Investment, will acquire all issued and to be issued ordinary shares of SolGold plc for a total consideration of up to GBP 764 million [1] - The completion of the acquisition is subject to approval from SolGold shareholders and must meet or be exempt from other conditions [1] Group 2 - Jiangxi Copper has been a shareholder of SolGold since November 2020 and is currently the largest single shareholder, holding approximately 12.2% of SolGold's issued share capital [1] - SolGold's flagship project, Cascabel, is located in the Imbabura province of northern Ecuador and is considered one of the most important undeveloped porphyry copper-gold deposits globally, with potential to become a landmark mining project in South America [1]