Mount Everest Gold Group Co. Ltd. has announced a new partnership with China Silver Group Limited, as both companies have entered into an agreement to jointly acquire a 55% equity interest in a target company. The acquisition, involving a combined investment of RMB5.5 million, will see Mount Everest Gold acquire a 35% stake, while China Silver will obtain a 20% stake. The target company, through its subsidiary Xizang Shigatse, holds an exploration license for mineral resources in Shigatse, Tibet. This strategic move aims to diversify business risks and create synergies between the two firms, enhancing their existing operations and potential in the mineral exploration sector.
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