RE:Majestic gold's AcquisitionNot mentionned in this NR :
"The Target Company is a company incorporated in the PRC with limited liability. It is
principally engaged in gold mining and processing, emergency rescue for mine accidents,
preventive safety inspection, property leasing and investment with its own fund. The Target
Company owns mining licenses of three gold mines located in Yantai city of the Shandong
Province in the PRC, namely the DGZ Mine, the HH Mine and the CH Mine."
"In January 2022, the Target Company was wholly acquired by Shandong Zhongjia. On 27
October 2022, the Target Company was owned as to 70.000% by Shandong Zhongjia and
30.000% by Zhaoyuan Gold. From 23 November 2022 to the date of this announcement, the
Target Company is owned as to 70.000% by Yihui Investment and 30.000% by Zhaoyuan
Gold."
From what I understand , based on the Muping gold project SRK analysis.
Yantai Mujin Mining Co., Ltd. is the target CIE.
It's the CIE that sold the current Songjiagou gold mine to MJS 20 years ago.
TOCKY8008