Tongguan Gold (00340) plans to acquire 100% of Longxin Construction and Development Co., Ltd.'s shares for 260 million yuan

According to the Zhitong Finance App, Tongguan Gold (00340) announced that on December 19, 2025, the company plans to acquire 100% of the shares of Longxin Construction and Development Co., Ltd., at a total cost of RMB 260 million. The cost will be paid by the company to issue a total of 110 million shares at an issue price of HK$2.6 per share.

According to the announcement, the project company is mainly engaged in mining engineering and construction, and is the company's existing service provider. The acquisition will bring synergy benefits to the Group's gold mining business, improve cost savings and operational efficiency, and strengthen control over all aspects of mine safety production.