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Csmall (01815.HK) and Chi Silver GP (00815.HK): Jiangxi JiYin Industry plans to acquire 51% equity of Jiangxi Letong New Materials for 2.55 million yuan.
On August 15th, Gelunhui reported that Csmall (01815.HK) and Chi Silver GP (00815.HK) announced that on August 15th, 2024, the buyer, Jiangxi Jiyin Industrial Co., Ltd. (a wholly-owned subsidiary of Csmall and a non-wholly-owned subsidiary of Chi Silver) and the seller, Jiangxi Huiying Trading Co., Ltd., signed an equity transfer agreement. Therefore, the seller agrees to sell, and the buyer agrees to acquire 51% equity of Jiangxi Letong New Materials Co., Ltd., the target company, at a total price of RMB 2.55 million. After the acquisition is completed, the target company will be owned by the buyer with a 51% equity and become part of Csmall.
Express News | CSMall Group - Jiangxi Jiyin to Buy 51% Stake in Jiangxi Letong New Materials for RMB2.6 Mln
Overnight, peripheral gold prices fell, and golden industrial concepts across the board declined. China Gold International (02099) fell 2.44%.
Golden Finance News | Overnight peripheral gold prices fell, gold stocks fell overall, Chinagoldintl (02099) fell 2.44%, Lingbao Gold (03330) fell 2.15%, Zijin Mining Group (02899) fell 1.69%, Sd Gold (01787) fell 1.5%, Zhaojin Mining (01818) fell 1.37%. New York gold futures closed at $2479.7 per ounce, down 1.1%. U.S. July inflation rose slightly, and the market expects the Federal Reserve to reduce interest rates by only 25 basis points in September, not 50 basis points, which may disappoint the market.
Gold Within Striking Distance of All-time High, but Temporary Price Slide Remains Mysterious – Commerzbank
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