Asia
Xingye Silver & Tin Scraps Willing New Energy Stake Buy Plan; Shares Rise 7%
Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) cancelled plans to acquire 7.76% of Willing New Energy (SHE:002667) as the latter faces delisting, according to a Saturday filing on the Shenzhen bourse.Shares of Xingye Silver & Tin jumped 7% in Monday morning trade, while those of Willing fell 5%.The mining company was supposed to acquire the stake through its subsidiary, Xizang Shannan Antimony & Gold Resources, from Shanghai Lingyi New Materials and an individual investor.Willing is at risk of being delisted as its 2025 annual report did not meet the bourse's standards.
SHE:000426SHE:002667
