Pursuant to the Supplemental Agreement, CITIC Dameng and Panjiang Investment agreed to inject 170 million Hong Kong dollars (HK$203.9 million) and 80 million Hong Kong dollars (HK$95.95 million) respectively into the Target Company. Upon completion of the capital injection, the Target Company will be held as to 64%, 28% and 8% by CITIC Dameng, Panjiang Investment and Shougang Shuicheng respectively. The supplementary agreement still needs the approval of the relevant approval department.
Guizhou Zunyi Huixing Ferroalloy is mainly engaged in manganese mining and downstream processing of ferroalloys.
CITIC Dameng (01091) announced that the first capital injection to Guizhou Zunyi Huixing Ferroalloy (target company) was completed on May 31, and before the completion of the initial capital injection, Dazhong CIMC has signed a supplementary agreement to supplement the agreement further. Increase the target company’s registered capital to 500 million ***.