Hainan Mining (SHA:601969) agreed to reduce the consideration for its acquisition of 70% of Luoyang Fengrui Fluorine Industry by 111.1 million yuan, according to a Shanghai bourse filing on Tuesday.
The consideration will be trimmed to 1.34 billion yuan to better protect the mining company's and shareholders' interests.
The acquisition will be made through cash and share placement.
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.