Shenzhen Stock Exchange issued a concern letter to Sinomine Resource Group Co.Ltd(002738) on February 11. The company plans to acquire 100% equity of AFMIN and amzim1 for us $180 million. AFMIN and amzim jointly hold 74% equity of bikita company. The main asset of bikita company is bikita lithium mine project in Zimbabwe. From 2020 to 2021, bikita's net assets were -28.1594 million US dollars and -17.45 million US dollars respectively, and its net profits were -35.5273 million US dollars and -2.8086 million US dollars respectively.
Shenzhen stock exchange requires the company to explain the reasons for the negative net assets of bikita, the reasons for the large fluctuation of bikita's operating income in combination with bikita's business development, sales and mining, and the reasons for bikita's continuous loss and large fluctuation of net profit; Explain the reasons for the implementation of bikita's internal restructuring and share repurchase, the specific procedures for the implementation, the reasons and specific impact process of the internal restructuring and share repurchase on the proportion of bikita shares held by the company and related creditor's rights; Explain whether there are major obstacles or uncertainties for the company to perform the necessary filing and approval procedures to the relevant government agencies in China, Mauritius and Zimbabwe, and whether there is a risk of confiscation of the payment.
