Asia
Tibet Geological and Mineral Resources to Control 34% of Tibet GaoZheng Explosive in State Asset Restructuring
Tibet Geological and Mineral Resources Group will take a 34% stake in Tibet GaoZheng Explosive (SHE:002827), according to a Monday filing with the Shenzhen bourse.Following the acquisition, Tibet Geological and Mineral Resources Group will become the controlling shareholder of the explosives maker. The State-owned Assets Supervision and Administration Commission will still be the actual controller.The acquirer will not pay cash for the transaction.The transaction will help optimize the layout of Tibet's state-owned economy, the filing said.
SHE:002827
