Tongguan Gold Buys Supplier's Majority Stakeholder

MT Newswires Live

2025/01/24

Tongguan Gold Group (HKG:0340) has completed the acquisition of a 100% stake in Huasheng Construction Investment from Tongfei Investment, a Friday Hong Kong bourse filing said.

The transaction was first announced in September 2024, with Tongguan Gold Group agreeing to purchase Huasheng for 30 million yuan.

Huasheng Construction Investment indirectly owns a 60% equity stake in Xi'an Hongshang Mining Engineering, which is a supplier to Tongguan Gold Group.

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