On the evening of February 27, Zijin Mining Group Company Limited(601899) announced that the company and Fujian Longking Co.Ltd(600388) signed the strategic cooperation agreement. The company and Fujian Longking Co.Ltd(600388) intend to give full play to their respective advantages in brand, capital, resources, technology, market and products. Combined with the strategies and business deployment of both parties, the company plans to carry out strategic cooperation in environmental protection and new energy business, including smelter flue gas treatment, resource-based comprehensive utilization of mine tailings, mine soil and ecological restoration Carbon capture and emission reduction technology and photovoltaic / wind power plants and other related new energy businesses. The term of the agreement is five years.
Meanwhile, the company and Fujian Longking Co.Ltd(600388) signed the conditional effective share subscription agreement, and the company intends to subscribe 118785031 A-share shares of Fujian Longking Co.Ltd(600388) non-public offering in cash as a strategic investor, The subscription price is 6.93 yuan / share (no less than 80% of the average trading price of the shares listed on the Shanghai Stock Exchange 20 trading days before the announcement of the resolution of the board of directors of Fujian Longking Co.Ltd(600388) this non-public offering), and the total subscription amount is about 823 million yuan.
The announcement disclosed that after the completion of this subscription, the company is expected to hold 10% of its shares without considering the conversion of Fujian Longking Co.Ltd(600388) convertible bonds into shares. The company has the right to recommend one non independent director to Fujian Longking Co.Ltd(600388) and the subscribed shares shall not be transferred within 36 months from the date of issuance.
