Author: admin
Recently, Daxin helped clients China Mining Resources Group Co., Ltd.'s application for public issuance of convertible corporate bonds to be approved by the CSRC.
The total amount of funds raised by the China Mining Resources Group's convertible bond issuance plan does not exceed 800,000 million yuan. The companies to be acquired by the raised funds mainly include Tanco (Cabot's wholly-owned Canadian subsidiary) and CSF Inc (Cabot's wholly-owned US subsidiary) And CSF Ltd (Cabot G.B.'S wholly-owned British subsidiary), the business scope covers the entire industrial chain of cesium mining, cesium salt production, product sales and recycling processing.
Founded in 1999 under the stock code "002738", China Mining Resources Group currently has more than 20 domestic and foreign holding subsidiaries. It is the first commercial integrated geological prospecting technical service company in China's nonferrous metal industry that has "going global".
In recent years, China Mining Resources Group has focused on regional markets in Africa, Southeast Asia, Central Asia, West Asia, and Eastern Europe, with business footprints in more than 20 countries including Zambia, Uganda, and Japan.
In 2019, China Mining Resources Group Co., Ltd.'s wholly-owned subsidiary China Mining (Hong Kong) Rare Metal Resources Co., Ltd. acquired Tanco, CSF Inc and CSF held by Cabot Corporation and its subsidiary Cabot GB Corporation for US $ 134.7 million Limited 100%, equity, assets and equity delivery procedures have been fully completed so far. Through this transaction, China Mine Resources has become the world's largest mining company for mining cesium garnet mines and the world's largest producer and supplier of cesium products.
Daxin undertook the financial&tax due diligence project of this acquisition and financial audit services. The scope of services involved the United States, Canada, the United Kingdom, Singapore, Norway and other merged entities.
Through the above services, Daxin helps its customers to expand their business in the global market, and has made positive contributions to significantly improve their sustainable competitiveness.