Gelonghui, Feb. 26: Shandong Gold (01787.HK) announced that the holding subsidiary of the company, Yintai Gold Co., Ltd. (“Yintai Gold”), intends to acquire all of its issued and circulating common shares and shares to be diluted in cash at a price of 1.90 Canadian dollars per share (hereinafter referred to as the “buyer”) through a wholly-owned subsidiary of Hainan Shengwei Trading Co., Ltd. (hereinafter referred to as “Osino” or “target company”). The transaction amount of this acquisition is approximately $368 million. After the acquisition is completed, Yintai Gold will hold 100% of Osino's shares through the buyer.
Osino is a mining company registered in Canada and listed on Canada's Toronto Stock Exchange (TSXV) (stock code: OSI), Namibia Stock Exchange (stock code: OSN), Germany's Frankfurt Stock Exchange (stock code: RSR1), and the US OTCQX International Market (stock code: OSIIF), respectively.