Mongolian Mining's (HKG:0975) Singapore subsidiary Mongolian Mining Corporation agreed to buy 50.5% of the issued and outstanding share capital of Universal Copper from Talst Investment for $20.5 million, a Wednesday Hong Kong bourse filing said.
The target is a Mongolia-incorporated mining company that holds three mineral exploitation special permits.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.