CICC Gold Plans to Inject 752 Million Yuan into CICC Hotan

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CICC Gold announced that it plans to inject capital into CICC Hotan together with related parties CICC Geology and Jinzhou Zhiyuan in proportion to their respective equity stakes. The company will inject 752 million yuan, and its shareholding ratio will remain at 30 percent after the capital increase. This capital injection will be used to pay the exploration rights transfer fee for the Tuganmansu gold-copper mine project in Akto County, Xinjiang, which CICC Hotan won at auction.

Impact on stocks 1

Others▲ · 1 stocks
Zhongjin Gold Corp Ltd
600489
▲ PositiveCapitalrelevance

CICC Gold is injecting 752 million yuan into CICC Hotan to fund exploration rights for a gold-copper mine, which is a capital allocation for asset development.

Off-coverage companies 1

中金（和田）矿产开发有限公司Private▲ Positive
Capitalrelevance

CICC Hotan receives capital injection to pay for exploration rights of a gold-copper mine, enabling project development.

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