Jiangxi Copper (SHA:600362, HKG:0358) reached an agreement to acquire London-listed SolGold after its previous two non-binding cash offers were rejected, according to a Hong Kong bourse filing Monday.

SolGold accepted the copper miner's 0.28 pound sterling per share offer to fully acquire the company, translating into a total consideration of up to 764.4 million pounds.

Following the acquisition, SolGold will become an indirect, wholly-owned subsidiary of Jiangxi Copper.

Jiangxi Copper said shareholders holding 28.5% of SolGold's business had committed to voting in favor of the deal. The acquisition also has the SolGold board's backing.

The takeover follows a deal earlier this year, which saw Jiangxi Copper boost its stake in SolGold to 12.19%, making it the target's single largest shareholder.