Flat Glass Group Co.Ltd(601865) announced that the company plans to purchase 100% equity of Dahua mining and 100% equity of Sanli mining held by fengsha group by paying cash and assuming debt, with a total transaction price of 3343947600 yuan. Dahua mining holds the mining right of quartzite for glass with an annual output of 500000 tons, and Sanli mining holds the mining right of quartzite for glass with an annual output of 1.9 million tons. This transaction will help listed companies improve the reserves of quartzite mineral resources for glass, help listed companies ensure the sand demand and quality safety of production bases, reduce the dependence of listed companies on external purchase of quartz sand, and reduce the impact of fluctuations in raw materials of quartz sand on the product cost and performance of listed companies.
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