Tibet Geological and Mineral Resources to Control 34% of Tibet GaoZheng Explosive in State Asset Restructuring
MT Newswires Live
Aug 10
Tibet Geological and Mineral Resources Group will take a 34% stake in Tibet GaoZheng Explosive (SHE:002827), according to a Monday filing with the Shenzhen bourse.
Following the acquisition, Tibet Geological and Mineral Resources Group will become the controlling shareholder of the explosives maker. The State-owned Assets Supervision and Administration Commission will still be the actual controller.
The acquirer will not pay cash for the transaction.
The transaction will help optimize the layout of Tibet's state-owned economy, the filing said.
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.