Wednesday, 08 Jun 2011
Xiamen Eagle Mining plans to buy 70% equity of Inner Mongolia Keshiketeng Banner Fengchi Mining Company Limited through a capital increase.
Eagle Mining plans to pay CNY 1.11 billion to the former shareholders and pay an additional CNY 45.4 million towards a capital increase.
The registered capital of Fengchi Mining would be CNY 22 million. The CNY 30 million premiums will be the capital reserve of the company. (sourced capitalvue)
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