Western gold latest announcement: major assets restructuring matters approved by Xinjiang SasAC

2022-06-03 0 By

Western Gold Announcement: On February 25, 2022, the company received the approval from Xinjiang State-owned Assets Supervision and Administration Commission forwarded by its controlling shareholder xinjiang Non-ferrous Metals Industry (Group) Co., LTD.Agree in principle to the issue of about 245 million shares proposed by the Board of Directors of Western Gold Co., Ltd. to purchase 100% equity of Aktobaiyuanfeng Mining Co., LTD., Aktokebang Manganese Manufacturing Co., LTD., and Xinjiang Mengxin Tianba Mining Investment Co., LTD.A plan to raise up to 400 million won in matching funds by issuing shares to no more than 35 eligible recipients.The company’s chairman is He Jianzhang.He Jianzhang: male, Han nationality, born in 1964, member of the Communist Party of China, on-the-job postgraduate degree, senior engineer of mineral processing.1986.8-2002.2 successively served as technician, deputy director and director of Machine Dressing Plant of Ketuohai Mining Bureau, Assistant director of Ketuohai Rare Mine, Deputy director of Ketuohai Rare Metal Company;2002.2-2009.11 served successively as director, deputy manager, chairman and manager of Rare Metal Co., LTD.2009.11 — 2011.5, Director and Party Committee member of Axi Gold Mine;2011.5 — 2014.6: Member of the Party Committee, director and deputy General Manager of the Company, concurrently member of the Party Committee, manager, executive director and general manager of West Gold Yili Co., LTD., and Executive Director of Mining and Trade Company;June 2014 till now, successively served as the party committee member, director, deputy general manager and general manager of the company;He is now deputy Secretary of the Party Committee, director and general manager of the company, supervisor of Tianshan Star Company and director of Xinjiang Jintai Microcrystalline Material Co., LTD.March 30, 2020 served as vice Chairman of Western Gold Co., LTD.The above content is compiled by Securities Star according to public information, if you have any questions, please contact us.