Nanchang Mineral Systems to Invest $30 Million in ECG Through Singapore Subsidiary

Stock News

Feb 05

Nanchang Mineral Systems Co.,Ltd. (001360.SZ) announced that its board of directors has approved a proposal for an external investment and capital increase to subscribe for shares in Eagle Canyon Gold Limited. The company will utilize its wholly-owned Singapore subsidiary, NMS International Holdings Ltd., to invest $30 million in cash to subscribe for newly issued ordinary shares of ECG. This subscription will represent a 10% stake in ECG's total share capital following the share issuance. The investment is intended to expand the company's overseas market presence and facilitate the investment and operational management of mineral resource projects.

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(001360.SZ) announced that its board of directors has approved a proposal for an external investment and capital increase to subscribe for shares in Eagle Canyon Gold Limited. The company will utilize its wholly-owned Singapore subsidiary, NMS International Holdings Ltd., to invest $30 million in cash to subscribe for newly issued ordinary shares of ECG. This subscription will represent a 10% stake in ECG's total share capital following the share issuance. 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