DeHeng's Hong Kong Associated Firm Advised Zijin Mining on its Acquisition of Approximately 20% Equity Interest in Zhaojin Mining

2022-11-22

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, acted as the Hong Kong legal advisers of Zijin Mining Group Co., Ltd.（stock code: 2899）（“Zijin Mining”）to advise its wholly-owned subsidiary on acquiring approximately 20% equity interest of Zhaojin Mining Industry Company Limited (stock code:1818) (“Zhaojin Mining”) held by Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. by way of block trade (the “Acquisition”). The total consideration of the Acquisition was over HKD4.3 billion.

Zijin Mining is a Chinese company primarily engaged in the exploration, mining, smelting and sales of gold and other metal minerals. Zhaojin Mining is listed on Main Board of The Stock Exchange of Hong Kong and is a leading gold producer and one of the largest gold smelting enterprises in China. 

Chungs Lawyers (in association with DeHeng Law Offices) worked closely and actively with other professional parties to provide professional, comprehensive and efficient legal services for this project.