Treasure Mineral (601121.SH) won the bid for 66% equity of Kaihong Investment with a bid of 1.25 billion yuan, further increasing its market share in iron ore concentrate.

Cailian Press APP news, Baodi Mining (601121.SH) released an announcement. In order to further increase the iron ore reserves and market share of iron concentrate of Baodi Mining, the company successfully bid for 66% equity of Xinjiang Kaihong Investment Co., Ltd. (referred to as "Kaihong Investment") held by Shougang Yili Iron and Steel Co., Ltd. through participation in the public listing on the Beijing Property Rights Exchange, with a transaction price of 1.25 billion yuan.