Chinese private enterprise acquires IMX Resources

Jan 4, another Chinese private enterprise acquired an overseas mining firm after the deal of Han-Long Group.

Sichuan Taifeng Company, a leading comprehensive private group in China acquired the shares of IMX Resources, a small-scale mining company in Australia through its Hong Kong Branch for about 47.1million pataca (289million yuan).

The Group paid 48.4 Australian cents a share for 19.9% shares of IMX through its Thaifeng Yuan Chuang International Development Branch.

Later, it will invest an additional 23 million pataca on the CairnHill iron-copper-gold project and other projects of the IMX, which will rewards the group with 50% projects shares.

According to the data, the IMX Resources is entitled to the exploration and development of several minerals projects. The major business of the companies includes iron and copper.

"The project is still under pending of the Chinese and Australian Governments." The responsible person of the Group commented.

Zigong Sichuan Taifeng Company was established in 1997£¬Zigong Sichuan Taifeng Group Limited was founded in 2001 and had its name changed into Sichuan Taifeng Group Limited in 2008. After ten years sobbing a sword, Taifeng Group has formed a cross-industry and cross-regional chain store operation mode and has became a diversified and multi-field comprehensive private group involving steel trade, real estate development, industrial manufacture, mineral resources development and juvenile education.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.