DEEP SOURCE (00990) Plans to Acquire 60% Stake in Anhui Chujiang Hengchuang Enterprise Management Consulting for RMB 900 Million

Stock News
Aug 26

DEEP SOURCE (00990) announced that on August 26, 2025, the company (buyer) entered into a sale and purchase agreement with the sellers (Chujiang Group and Inner Mongolia Guanhui) and Anhui Chujiang Hengchuang Enterprise Management Consulting Co., Ltd. (target company). Under the agreement, the buyer has conditionally agreed to acquire a total of 60% equity interest in the target company from the sellers for a total consideration of RMB 900 million. Upon completion, the target company will become an indirect non-wholly owned subsidiary of the company, and the target company's financial performance will be consolidated into the company's consolidated financial statements. The target company is a company established in China, primarily engaged in enterprise management consulting, information consulting services, and other related activities. In July 2025, the company officially changed its name to DEEP SOURCE Limited, marking a new chapter in the group's strategic transformation toward the coordinated development of mineral resource extraction, deep processing, and financial services. In the mineral resources sector, the group focuses on high-quality global mineral projects, including nickel, manganese, aluminum-vanadium ore, titanium, pyrite, phosphorus, and titanium. It aims to build an investment portfolio covering green mining, deep processing, and downstream chemical industries to fully unlock the value of mineral resources. The target company indirectly holds equity interests in the Copper Chemistry Group. The Copper Chemistry Group's main businesses include mining and mineral processing, sulfur-phosphorus coal chemical processing, titanium chemical processing, and new materials. The target company serves as the core platform for its shareholders' external investments in the Copper Chemistry Group. The company aims to obtain control of the target company through this acquisition to enjoy the investment returns brought by the target company and its subsidiaries.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10