Chengtun Mining (SHA:600711) subsidiary Shengfengyuan will acquire 65% of Tibet Haiteng Industrial for 708.5 million yuan, gaining a lead-zinc exploration project in Lhasa, Tibet.
The mine hosts 1,140 tons of silver, 196,992 tons of lead and 332,546 tons of zinc resources, according to a Friday filing with the Shanghai bourse.
The transaction values 100% equity of Tibet Haiteng Industrial at 1.09 billion yuan.
Shares of the miner declined 1% in recent trade.
Korea Electric Power (KRX:015760) said Friday that the details of the South Korean government's plan to merge its five power generation subsidiaries, combining oil and gas firms in a sweeping energy overhaul, into a single entity are yet to be decided.The clarification came after The Herald Business and other media outlets published reports on the same on Thursday. Korea Electric Power will make another disclosure once specific details are determined or within a month, the company said in a Friday filing with the Korea Exchange.Shares of Korea Electric Power fell nearly 1% in recent trade.
CSL (ASX:CSL) said Vanguard Group raised its voting power in the firm to 7.001% as of Aug. 31 from 6% previously, according to a Friday Australian bourse filing.Vanguard holds 33.5 million ordinary shares in the firm as of Aug. 31, per the filing.
Beijing Jingneng Clean Energy (HKG:0579) will sell a 12.1% stake in a subsidiary to Jingxi Power Generation in exchange for industrial land, which had been previously leased to accommodate the company's assets, according to a bourse filing on Wednesday.The company said it bought the land, located in Beijing and valued at 279.5 million yuan, in order to proceed with construction for its waste heat utilization project, which would not have been otherwise permitted under its previous arrangement with Jingxi.Jingxi Power was issued 141.1 million new shares in the subsidiary, and the company did not receive cash proceeds from the transaction.Both Jingxi and Jingneng are tied to Beijing Energy Holding, the holding and controlling entity of the companies.