Tongling Nonferrous Metals: The Proposed 6.67 Billion Yuan Related Acquisition Of 70% Equity Of CRCC-Tongguan Investment Co. Was Approved
- Jul 03, 2023, at 5:28 pm
Tongling Nonferrous Metals Group intends to issue shares, convertible corporate bonds and pay cash to purchase a 70% stake in CRCC-Tongguan Investment Co. held by Tongling Nonferrous Metals Group Holding Co., Ltd. The transaction price is 6,673.2509 million yuan. The company plans to issue convertible bonds to no more than 35 specific investors to raise 2.146 billion yuan, which will be used to pay the cash consideration for the underlying assets, the underlying company to repay loans, and pay transaction taxes and intermediary fees.