Recently, Chifeng Jilong Gold Mining Co., Ltd. issued an announcement that Chifeng Gold plans to use its own funds to its wholly-owned subsidiary in Hong Kong, Chijin International(Hong Kong)Limited capital increase2Billions of dollars(Or HK $equivalent). Chifeng Jilong Gold Mining Co., Ltd. is a listed company, stock code600988. Mainly engaged in gold, copper and other precious metals, non-ferrous metal mining business, is one of the national key gold enterprise groups.

Ring Ze view: This Chifeng gold for Chifeng Hong Kong capital increase action is to achieve a smooth acquisitionMensin Bibiani Pty Ltd 100%At the same time to meet the financial needs of Chijin Hong Kong business development. In addition, it also helps the company to further expand overseas markets and strengthen the construction of overseas business platform. This investment is in line with the company's strategic planning and long-term development goals. After the realization of the capital increase and equity acquisition transaction, the overall competitiveness of the company will be strongly enhanced.

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