Gelonghui Co., Ltd. (603132.SH) announced that the trading company plans to acquire 49.00% of Hausen Mining's shares in Yate Investment. The company commissioned the joint Zhonghe Land Real Estate Asset Assessment Co., Ltd. to evaluate the market value of all shareholders' equity market values of the target company using October 31, 2024 as the evaluation reference date, and issued Joint Zhonghui Review (2024) No. 6262 “Gansu Housen Mining Co., Ltd. Shareholders' Market Value Asset Assessment Report on the Proposed Acquisition of Shares”, this time The assessment adopted the asset basis method, and the market value of the target company was 556.1412 million yuan. In the end, after negotiations between the two parties, RMB 270 million was determined as the current equity transaction price of 49.00%.
At the same time, based on negotiations between the parties to the transaction and individual shareholders of Hausen Mining, the company will provide a loan of 209,468,964.58 yuan to repay Howson Mining's loan of 155,834,587.50 yuan for investment in Yate due to early prospecting, and other expenses related to prospecting of $53,634,377.08. From the date the prospecting rights of Hausen Mining are converted into mining rights, the company can use the relevant claims as a physical investment in Hausen Mining to increase the capital. After the capital increase is completed, the company will hold a total of 55% of the shares in Hausen Mining.
