Xiamen Tungsten Plans to Acquire 1.3483% Stake in Jiangxi Jutong for 26.5174 Million Yuan

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Summary · why it matters

Xiamen Tungsten announced that the company plans to spend 26.5174 million yuan to acquire a 1.3483% stake in Jiangxi Jutong Industrial Co., Ltd. held by Jiangxi Zhuoxin Mining Co., Ltd., in order to secure upstream tungsten raw material supply. After the transaction, the company will directly hold a 1.3483% stake in Jiangxi Jutong. Based on the principle of prudence, this is recognized as a related-party transaction and does not constitute a major asset restructuring.

Impact on assets 1

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Off-coverage companies 2

江西卓新矿业有限公司Private▲ Positive
Capitalrelevance

Selling its stake in Jiangxi Jutong for 26.5174 million yuan.

江西巨通实业有限公司Private± Mixed
Capitalrelevance

Minority stake acquisition by Xiamen Tungsten; no direct impact on operations.

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