Northern Heavy Industries to acquire 0.1% stake in Northern Mining for control

Northern Heavy Industries (Northern Shares) announced it will buy a 0.1% stake in joint venture Northern Mining from Bucyrus Mining China LLC for about 157,800 yuan, increasing its ownership to 50.1% and gaining control. The remaining 49.9% will be sold to Beijing Baolizhixing Technology.

“为了取得北方采矿的控制权，公司拟购买其中0.1%的股权，按照评估价值作价约为15.78万元。”cls.cn

• 1 source
• cls.cn北方股份：拟购买合营企业北方采矿0.1%股权 取得其控制权Aug 24, 2020

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