Jiaxin International Resources Investment Limited Announces Strategic Memorandum for Potential Mining Acquisition in Kazakhstan
Key Points for Investors
- Non-binding Memorandum Signed: Jiaxin International Resources Investment Limited (“Jiaxin International”) has entered into a non-binding memorandum of cooperation with Pangaea Mining Limited Partnership Fund (PMF), granting Jiaxin International a right of first refusal to acquire the share capital of a special purpose vehicle (SPV) to be established by PMF.
- Strategic Focus: The cooperation targets mineral resource development, primarily in the Karaganda region of Kazakhstan, with potential expansion to other Central Asian regions.
- Target Minerals: The focus is on large to medium-sized porphyry copper-gold deposits, copper, zinc, lead, gold, silver polymetallic deposits, and tungsten-molybdenum deposits.
- Roles and Responsibilities: Jiaxin International will provide strategic guidance, conduct due diligence, and oversee acquisitions, while PMF will identify, assess, and manage potential investment opportunities.
- Right of First Refusal: Jiaxin International has priority to acquire the SPV’s equity interests under the same terms offered to third parties. PMF must notify the company at least 30 business days before any sale, and Jiaxin International has 30 business days to exercise this right and commence due diligence.
- Valuation and Acquisition Process: If Jiaxin International exercises its right, an independent third-party valuer will assess the assets, and acquisition terms will be negotiated in good faith based on this valuation.
- Non-Exclusive Arrangement: The memorandum is not exclusive. Both parties may pursue similar investments with others, but Jiaxin International’s right of first refusal takes precedence.
- Memorandum Duration and Termination: The memorandum is valid for 24 months, with possible extension. Early termination is possible under several conditions, including mutual agreement, failure to proceed after due diligence, asset acquisition becoming impossible, or bankruptcy.
- Costs: Each party bears its own costs unless otherwise agreed.
- Strategic Benefits: The Board believes the acquisition aligns with Jiaxin International’s strategy to expand mineral reserves, diversify resources, and enhance competitiveness. PMF’s expertise in sourcing opportunities is recognized as a major advantage.
- Potential Price Sensitivity: The memorandum is non-binding, and no definitive agreement has been signed yet. The acquisition remains subject to due diligence and satisfaction of conditions precedent. Investors are advised to exercise caution.
- Stock Exchange Rules: If the acquisition proceeds, it may constitute a notifiable or connected transaction under Chapter 14 or 14A of the Hong Kong Listing Rules, requiring further announcements.
Details Investors Need to Know
The announcement reveals Jiaxin International’s intention to pursue strategic mineral assets in Kazakhstan, leveraging PMF’s strengths in project generation and geological research. The targeted minerals—copper, zinc, lead, silver, tungsten, and molybdenum—are considered critical for the company’s long-term development. The right of first refusal gives Jiaxin International priority in acquiring high-quality mining projects identified by PMF, provided they meet pre-agreed maturation criteria.
The acquisition process is detailed: after notification from PMF, Jiaxin International may conduct comprehensive due diligence and employ an independent valuation. If satisfactory, a definitive acquisition agreement will be signed. The arrangement is non-exclusive, meaning PMF can work with other partners, but Jiaxin International’s priority is secured for PMF’s portfolio on equal terms.
The memorandum is valid for two years, with flexibility for extension or early termination under several scenarios, such as mutual agreement or inability to complete acquisition. Each party covers its own expenses related to the memorandum unless stated otherwise.
The Board emphasizes that the memorandum is non-binding and does not guarantee a transaction will occur. The possible acquisition is subject to multiple conditions and may not proceed. Investors should be alert to further announcements, as a definitive agreement and acquisition could significantly impact Jiaxin International’s asset base, resource diversification, and international footprint—potentially influencing share value.
Board Composition
The Board currently comprises Mr. Liu Liqiang (Chairman), Mr. Xie Wenbo, Mr. Qiu Huaizhi (Executive Directors), Mr. Wang Zhongwei, Ms. Chen Keqin, Mr. Gong Yunfan (Non-executive Directors), and Mr. Zhu Guoshan, Mr. Wang Jianfeng, Mr. Wong Hok Bun Mario (Independent Non-executive Directors).
Potential Impact on Share Price
The announcement is material and potentially price-sensitive. If the acquisition proceeds, it may represent a significant expansion of Jiaxin International’s resource base and geographic reach. However, the memorandum is currently non-binding, and there is no guarantee that a transaction will occur. Investors should monitor future announcements for updates and exercise caution when trading Jiaxin International shares.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. The potential acquisition described remains subject to due diligence, negotiation, and execution of a definitive agreement. Investors should consult their financial advisors and refer to official company announcements for the latest information.
佳鑫國際資源投資有限公司潛在哈薩克礦業收購備忘錄詳情（廣東話）
投資者須知重點
- 非約束性合作備忘錄：佳鑫國際資源投資有限公司（「佳鑫國際」）與Pangaea Mining Limited Partnership Fund（PMF）簽署非約束性合作備忘錄，佳鑫國際獲得優先權收購PMF將設立的特殊目的公司（SPV）全部股權。
- 合作戰略重點：合作重點為哈薩克卡拉干達地區礦產資源開發，未來可擴展至其他中亞國家。
- 目標礦種：主要鎖定大型至中型斑岩銅金礦、銅鋅鉛金銀多金屬礦，以及鎢鉬礦。
- 雙方分工：佳鑫國際提供戰略指導，負責盡職調查及收購，PMF負責項目尋找、初步評估及管理。
- 優先購買權：佳鑫國際有權以與第三方同等條件優先收購SPV股權，PMF需提前30個工作日書面通知，佳鑫國際有30個工作日決定行使權利及展開盡職調查。
- 評估及收購流程：若行使權利，將委託合資格的獨立第三方進行資產評估，根據評估結果協商收購條款。
- 非排他性安排：本備忘錄並不排他，雙方可與第三方合作，但佳鑫國際的優先權高於第三方。
- 備忘錄期限及解除：有效期24個月，可協商延長，亦可因多種情況提前解除，例如協議無法完成、資產收購不可能、破產等。
- 費用：除另有協議外，雙方自行承擔涉及備忘錄的費用。
- 戰略效益：董事會認為此收購有助佳鑫國際擴展礦產儲備、拓展海外業務、提升資源多元化及競爭力。
- 股價敏感：備忘錄不具法律約束力，目前尚未簽訂具體協議，收購未必成事，投資者須謹慎。
- 上市規則：若收購落實，或構成上市規則第14或14A章交易，屆時會有更多公告。
詳情補充
公告顯示佳鑫國際積極開拓哈薩克戰略礦產資產，並充分利用PMF項目尋找及地質研究優勢。目標礦種均為公司長遠發展所需。優先權安排保障佳鑫國際可優先收購符合成熟條件的高質項目，收購流程包括全面盡職調查及獨立評估。
備忘錄有效期兩年，可延長或提前解除。雙方各自承擔相關費用。董事會強調備忘錄非法律約束，收購能否成事仍有不確定性。投資者需留意後續公告，若收購落實，將顯著擴大公司資產及國際布局，有機會影響股價。
董事會成員
現任董事會包括劉立強（主席）、謝文博、邱懷志（執行董事）、王中偉、陳可勤、龔雲帆（非執行董事）、朱國山、王建鋒、黃學斌Mario（獨立非執行董事）。
股價影響
此公告具備潛在價格敏感性。若收購落實，將大幅提升佳鑫國際資源基礎及海外布局，但現時備忘錄未具法律效力，交易能否成事仍未確定。投資者應密切留意公司公告，謹慎操作。
免責聲明
本文章只供參考，不構成投資建議。相關潛在收購須視乎盡職調查、協商及最終協議簽訂。投資者請諮詢專業意見及留意公司最新公告。
