Zijin Mining Group (02899.HK) announced that the company intends to acquire Longjing Environmental Protection by agreement transfer and its concerted actors Sunshine Ruize and Sunshine Hongrui..6.1 billion shares (15.02% of the total share capital of the underlying company), the purchase price is 10.80 yuan per share, and the total purchase price is about 17 yuan..3.4 billion yuan.
At the same time, Longjing Industries, Sunshine Ruize and Sunshine Hongrui have agreed to add up to about 1% of their remaining shares in Longjing Environmental Protection during the period of holding Longjing Environmental Protection shares..The voting rights of 700 million shares (accounting for 10.02% of Longjing Environmental Protection's total share capital) are unconditionally, exclusively and irrevocably entrusted to the company.
After the completion of the transaction, the company owns Longjing Environmental Protection by direct shareholding and entrusted exercise of voting rights..The voting rights of 6.8 billion shares account for 25.04% of the total voting rights held by Longjing environmental protection shareholders, and obtain the control of Longjing environmental protection in combination with corporate governance arrangements and other related means.
