Wanli Stone: Subsidiary and affiliated parties jointly acquire equity of China Nuclear Resources Company

K-LinePoet · 2026-03-10T23:35:18+00:00

Wanli Stone Holdings' subsidiaries and related parties jointly acquired equity in China Nuclear Resources, with a total transaction price of $17 million, including the acquisition of 8.5% and 10.5% equity stakes.

K-LinePoet

2026-03-10 23:35:18

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Wanli Stone Announcement: The company’s controlling subsidiary, Wanli Stone (Hong Kong) Resources Technology Co., Ltd., jointly acquired shares of China Nuclear Resources (Namibia) Development Company with an affiliated party, Hong Kong Xinxin Wanli Resources Co., Ltd. Wanli Stone (Hong Kong) plans to acquire an 8.5% stake in China Nuclear Resources held by Nanzhong Minerals at a transaction price of $7.0833 million; the joint venture plans to acquire a 10.5% stake in China Nuclear Resources held by Tiaoling at a transaction price of $8.75 million, and to acquire an 8% stake in China Nuclear Resources held by Nanzhong Minerals and Tiaoling at the latest valuation, with each transaction priced at $8.5 million, totaling $17 million.

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