TONGGUAN GOLD (00340) to Acquire 100% Equity of Longxin Construction for RMB260 Million

Stock News

2025/12/19

TONGGUAN GOLD (00340) announced on December 19, 2025, that the company plans to acquire 100% equity of Longxin Construction Development Co., Ltd. for a total consideration of RMB260 million. The payment will be settled by issuing 110 million consideration shares at HK$2.6 per share.

The target company primarily engages in mining engineering and construction services and currently serves as an existing service provider to TONGGUAN GOLD. The acquisition is expected to generate synergies for the group's gold mining operations, enhance cost savings and operational efficiency, while strengthening control over all aspects of mine safety management.

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