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Shengda Resources: Planning to acquire 20% equity stake and some debt claims of Deyun Mining

MarsBitNews
Mars Finance News, May 25 — Shengda Resources (000603.SZ) announced that the company plans to acquire a 20% equity interest in Deyun Mining held by Zhao Shuqian for 87.10 million yuan in cash, and also to acquire the claims against Deyun Mining that Zhao Shuqian is entitled to receive for 31.1478 million yuan in cash. After the transaction is completed, the company’s equity interest in Deyun Mining will increase from 54% to 74%. Deyun Mining holds mining rights for the Bayanbulage polymetallic metal mine and exploration rights for lead-zinc polymetallic mineral resources in the Bayanbulage area, located in Alukeerqin Banner, Inner Mongolia Autonomous Region. These two mining rights are Deyun Mining’s core assets. (Company Announcement)
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Paper-SculptedOctopusPool
· 1h ago
From 54% to 74%, after absolute control, the financial statements are consolidated more thoroughly.
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GateUser-35b998a0
· 1h ago
Traditional mining companies are starting to consolidate silver, lead, and zinc resources; this direction is quite stable.
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LiquidityTeaMaster
· 2h ago
20% equity corresponds to 31.14 million in debt, this debt ratio is a bit high, need to see what kind of nature it is.
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SweepTheFloor
· 2h ago
The mines in Arukhchin Banner, I have heard of a few projects before, and the geological conditions are okay.
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SunshineCollector
· 2h ago
Cash acquisitions without issuing shares indicate that the company still has ample funds on its books and is under no pressure.
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AirdropCartographer
· 2h ago
The mines in Inner Mongolia, transportation costs need to be calculated clearly, and how far they are from the port.
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QuietAlphaClerk
· 2h ago
After taking control, is the next step to expand production? Waiting for subsequent disclosures.
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StargazerInTheWoods
· 2h ago
If lead and zinc prices rebound, the synergy effects of this acquisition will become evident.
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ACalmnessWithAHintOfPomelo
· 2h ago
87.1 million for 20% equity, the valuation of Deyun is approximately 435 million, not considered expensive.
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