[ET Net News Agency, 10 December 2019] Jiangxi Copper Company Limited (00358) said its
subsidiary Jiangxi Copper (Hong Kong) Investment Company Limited has agreed to buy the
entire issued capital of PIM Cupric Holdings Limited (the target company) at a total
consideration of USD1.12 billion.
The target company is a special purpose vehicle established by the vendor in January
2019 for the purpose of acquiring the shares and interest in FQM. The target company has
no other actual business except for holding the shares and interest in FQM which is
accounted for as an investment of the target company. The target company lawfully holds
approximately 18.015% of the entire issued share capital of FQM.
FQM owns nine copper mine development projects in 8 countries including Zambia, Panama
and Peru. Among them, FQM owns three world-class mines in production in Zambia and Panama,
and two mines in Argentina and Peru to be developed. (RC)
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00358 JIANGXI COPPER
Nominal 
15.300 0.000 (0.000%) Others
10/12/2019 09:44
Jiangxi Copper (00358) to buy copper mine projects
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