Jin Rong Jie·2025-12-29 02:56Group 1 - Jiangxi Copper has reached an agreement to acquire all issued and to be issued ordinary shares of SolGold for a total consideration of up to £764 million [1] - Following the acquisition, SolGold will become a wholly-owned subsidiary of Jiangxi Copper, and its financial performance will be consolidated into Jiangxi Copper's financial statements [1] - Jiangxi Copper's stock price increased by 11.39% to HKD 41.48 following the announcement [1] Group 2 - 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 [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 [2] - The company believes it has the necessary technical expertise, engineering capabilities, supply chain, and financial resources to advance the development of the Cascabel project and unlock its future growth potential [2]