Chifeng Gold Major Shareholder Liquidates Position, Zijin Group to Become Sole Largest Shareholder

CryptocurrencySniper

2026-03-23 00:42:55

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Chifeng Gold announced on the Hong Kong Stock Exchange that the company has entered into a share transfer agreement with Zijin Gold. The announcement shows that Chifeng Gold has conditionally agreed to sell a total of 241,925,746 A-shares, and Zijin Gold has conditionally agreed to acquire these shares. The transferred shares represent approximately 12.73% of the total issued share capital of Chifeng Gold as of the date of this announcement and prior to the completion of the share transfer and proposed investment.

Meanwhile, Chifeng Gold and Zijin Gold simultaneously entered into a strategic investment agreement. Zijin Gold will conditionally subscribe for approximately 311 million H-shares of Chifeng Gold at HKD 30.19 per share. The net proceeds are expected to be about HKD 9.292 billion, which will be used for the company’s business operations and future development.

The announcement states that after the completion of the share transfer and strategic investment, Zijin Group will hold approximately 572 million shares of Chifeng Gold (including 242 million A-shares and 330 million H-shares), accounting for about 25.85% of the company’s enlarged issued share capital. At that time, Zijin Group will become the single largest shareholder of Chifeng Gold.

The announcement indicates that as of the completion date of the share transfer, Li Jinyang and Zhejiang Hanfeng will no longer hold any shares and will no longer be shareholders.

(Source: Cailian Press)

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