Tongguan Gold Group Limited has announced a new partnership with Zijin Metal Company Limited, following the signing of a definitive precious metals purchase agreement. This agreement, known as the Streaming Agreement, finalizes the terms of a Streaming Transaction initially outlined in a non-binding term sheet in April 2025. The transaction involves the purchase of precious metals from Tongguan's gold mines. The directors of Tongguan Gold Group have confirmed that Zijin Metal Company and its ultimate beneficial owner are independent third parties, unrelated to Tongguan and its connected persons. The transaction does not qualify as a notifiable event under the Hong Kong Stock Exchange listing rules, as the applicable percentage ratios do not exceed 5%.
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.