Ningbo Yunsheng (600366.SH) shareholding company plans to sell 99% of Africa Lion Mining's shares for 19.305 million US dollars

According to Zhitong Finance App, Ningbo Yunsheng (600366.SH) announced that China Mining Hong Kong Rare Earth Resources Co., Ltd., a subsidiary of the company's shareholder Zhongyun Mining Development Co., Ltd., plans to transfer 99% of its shares in African Inkalamo Mining Company Limited (“African Lion Mining”) to Sino Great Chemical Company Limited. The transaction was paid in cash, and the transfer price was $19.30.5 million.

Africa Lion Mining's main asset is its 100% interest in a large-scale mining license numbered 38647-HQ-LML. The transaction is expected to confirm net profit attributable to the parent company of US$7.1623 million (based on actual delivery time), which is expected to have a positive impact on the company's 2026 financial statements.