On December 17, Gelonghui reported that Guocheng Mining (000688.SZ) announced that in this Trade, the company plans to acquire no less than 60.00% of the equity of Guocheng Industrial held by Guocheng Group through cash payment and debt assumption. As of the date of signing this summary of the proposal, the audit and evaluation work of the symbol company has not yet been completed. According to preliminary estimates, the estimated value of 100% equity of Guocheng Industrial in this Trade is approximately 5.5 billion yuan. The transaction price of the symbol Assets will be based on the assessment value stated in the evaluation report issued by the asset evaluation institution in accordance with the provisions of the Securities Law, which will be determined through negotiation between the listed company and the trading party.
The listed company will achieve control over Guocheng Industrial. Based on the existing layout of Nonferrous Metals mainly consisting of zinc concentrate, lead concentrate, silver concentrate, copper concentrate, etc., it will add molybdenum concentrate mining operations, further enriching the company's product structure. After this Trade is completed, the mineral resource reserves of the listed company will be significantly enhanced, which will further improve the company's profitability, strengthen its core competitiveness, and enhance the overall layout and integrated synergy of the listed company, promoting its sustainable development.
In this Trade, the listed company intends to acquire no less than 60% of the equity of the symbol company held by the trading party; after this Trade is completed, the symbol company will become a controlling subsidiary of the listed company. Once this Trade is completed, the listed company will consider the future development situation of the symbol company and its own financial arrangements to choose the right time to acquire the remaining equity of the symbol company.