Persistence Resources Group Completes Acquisition of Majority Stake in China-based Mining Company

MT Newswires Live

2025/02/24

Persistence Resources Group (HKG:2489). through itself and its subsidiaries, PRG Res HK 2 and Majestic Yantai Gold, completed its acquisition of a 52% stake in Yantai City Mujin Mining, a Monday Hong Kong bourse filing said.

The acquisition was first announced in November 2024, with Persistence agreeing to acquire the majority stake of the Chinese firm for 81.9 million yuan through share purchase and capital injection.

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