Zijin Mining's (HKG:2899, SHA:601899) signed a supplemental agreement to acquire a controlling stake in Zangge Mining (SHE:000408), according to a Hong Kong Stock Exchange filing on Monday.
The Chinese mining company will buy 392.2 million shares in Zangge Mining for 13.73 billion yuan.
The holdings of Zijin and its affiliates in Zangge will jump to 26.2% from 1.2% after the transaction.