Wanli Shi: Holding subsidiary jointly acquires equity of CNNC Resources Company with related parties.
8.5%708.3310.5%8758%8501700
Wanli Stone announced that the company's holding subsidiary, Wanli Stone Resources Technology Co., Ltd., and its related company, Hong Kong Xinxin Wanli Resources Co., Ltd., jointly acquired equity in China Nuclear Resources Development Company. Wanli Stone Company intends to acquire 8.5% of the equity in China Nuclear Resources Company held by the Na Zhong Mining Company at a transaction price of $7.0833 million; the joint venture company intends to acquire 10.5% of the equity in China Nuclear Resources Company held by Jumping Antelope Company at a transaction price of $8.75 million, and to acquire 8% of the equity in China Nuclear Resources Company held by Na Zhong Mining Company and Jumping Antelope Company at the latest price, with a transaction price of $8.5 million each, for a total transaction price of $17 million.
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