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Persistence Gold to sell 52% stake in Yantai Mujin Mining for RMB 173.97 million

PUBT·08/26/2026 12:08:57
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Persistence Gold to sell 52% stake in Yantai Mujin Mining for RMB 173.97 million
  • Persistence Gold agreed to sell its entire 52% stake in Yantai City Mujin Mining for RMB 173.97 million.
  • Deal splits between Kong Fanzhong buying a holding structure for the 41.051% stake, Yantai Yihui Investment buying the remaining 10.949%.
  • Cash proceeds include repayment of shareholder loans totaling RMB 67.37 million; remaining consideration reflects equity value.
  • Completion would remove Mujin Mining from group consolidation; the group expects an unaudited gain of about RMB 3.8 million.
  • Net proceeds earmarked for general working capital or future acquisitions and expansion projects.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Persistence Gold Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260826-12300831), on August 26, 2026, and is solely responsible for the information contained therein.