China Business News: Zijin Mining to buy 37.5% stake in Wancheng Commercial

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Zijin Mining to buy 37.5% stake in Wancheng Commercial

Nov. 17, 2009 (China Knowledge) - Zijin Mining Group Co<601899><2899>, China's largest gold producer, is planning to purchase an additional 37.5% stake in Wancheng Commercial Dongshengmiao Co, a China-based metal miner and processor, sources reported. Zijin Mining said in a statement that it will pay RMB 105 million in total for the stake from three shareholders. It will buy a 15% sta

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