Flat Glass Group Co.Ltd(601865) : it is proposed to acquire Dahua mining and Sanli mining with RMB 3.344 billion

E company news, Flat Glass Group Co.Ltd(601865) (601865) announced on February 13 that the company plans to purchase 100% equity of Anhui Dahua Oriental Mining Co., Ltd. and Anhui Sanli Mining Co., Ltd. held by Anhui fengsha Mining Group Co., Ltd. by paying cash and assuming debt. Now the transaction evaluation and audit have been completed, and the final transaction price is determined to be 3.344 billion yuan, This transaction does not constitute a major asset restructuring. The acquisition will help the company improve the reserves of quartzite mineral resources for glass and reduce the impact of fluctuations in quartz sand raw materials on the company’s product costs and performance.