- CNTV English - CCTV News

Homepage > News > Biz >

China's Real Gold Mining to acquire two companies

05-14-2010 15:27 BJT

HONG KONG, May 14 (Xinhua) -- China's Real Gold Mining Limited (Real Gold), an investment holding company, said it would acquire 100 percent equity interest in Great Future and Yuanyi Mining through its subsidiaries.

The Inner Mongolia-based firm said in a statement that it would acquire Great Future by Lita Investment for a consideration of 70 million U.S. dollars, which would be satisfied by cash.

Besides, the acquisition of Yuanyi Mining would be achieved by its subsidiary company, Chifeng Fuqiao. The consideration would be satisfied in cash at the amount of 3 million yuan (about 439,200 U. S. dollars).

Real Gold is mainly engaged in the exploration, mining and processing of gold ore and sale of concentrates in China.

Editor:Zhang Jingya |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program