Xiamen Tungsten premium six times the acquisition of major shareholders tungsten mine

Xiamen Tungsten (600549) today disclosed that the company intends to spend 367 million yuan Jiangxi Duchang Jinding tungsten and molybdenum mining acquisition the three rainbow Xiamen Tungsten and Molybdenum held a 60% stake, the consideration of a premium of 624.41% compared to the underlying asset book value.

The data show that Xiamen Rainbow the Fujian Xiamen Tungsten largest shareholder Rare Earth Group, a subsidiary company, while the Duchang Jinding Yang Chu Hill tungsten and molybdenum mine production amounted to 1.485 million tons / year scale, an area of ​​3.38 square kilometers, tungsten and molybdenum ore resources, the reserves 4659.30 tons, tungsten trioxide metal content of 96,426 tons.

Duchang the Jinding net assets as of the end of last year, to 84.54 million yuan in revenue last year of 34.98 million yuan in 2000, a loss of 11.97 million yuan. Xiamen Tungsten forecast Duchang Jinding 2013 to 2015, the net profit will reach 2.2074 million yuan, 43,550,500 yuan, 87,111,900 yuan.