According to the Minmetals Development Notice, the company plans to replace 100% of the shares of the wholly-owned subsidiary Minmetals Trading and 100% shares of Minmetals Mining held by Minmetals Co., Ltd. and 100% shares of Luzhong Mining through major asset replacement, issuance of shares, and payment of cash to raise supporting capital. The transaction consideration for the assets to be placed was $28.115 billion, and the transaction consideration for the assets to be placed was $5,519 billion. The difference is purchased by the company from Minmetals shares by issuing shares and paying in cash, and issuing shares to no more than 35 specific investors to raise supporting capital.

Zhitongcaijing · 1d ago
According to the Minmetals Development Notice, the company plans to replace 100% of the shares of the wholly-owned subsidiary Minmetals Trading and 100% shares of Minmetals Mining held by Minmetals Co., Ltd. and 100% shares of Luzhong Mining through major asset replacement, issuance of shares, and payment of cash to raise supporting capital. The transaction consideration for the assets to be placed was $28.115 billion, and the transaction consideration for the assets to be placed was $5,519 billion. The difference is purchased by the company from Minmetals shares by issuing shares and paying in cash, and issuing shares to no more than 35 specific investors to raise supporting capital.