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Hebei Jinchangyu Gold Mine & Zhongjin Gold Co Ltd	Update Date: 11/28/08
Date Announced: 08/15/08
Value (million $USD): n/a

Status: Pending

TRANSACTION DETAILS
Date Announced	08/15/08
Date Originally Announced	08/15/08
Format	Merger	Acquisition techniques	Divestiture; Internal Reorganization
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
CHINA - Zhongjin Gold Co Ltd (ZG), a 52.4%-owned unit of China National Gold Group Corp (CN), planned to acquire the entire share capital of Hebei Jinchangyu Gold Mine, a gold mining company, from CN. Concurrently, ZG planned to acquire the entire share capital of Henan Qinling Gold Mine, from CN. The transactions were approved by the board of directors.

TARGET
Name	Hebei Jinchangyu Gold Mine
Industries	n/a
City	n/a
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Hebei Jinchangyu Gold Mine is a gold mining company, headquartered in China.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Zhongjin Gold Co Ltd (Shanghai : 600489)
Industries	Secondary nonferrous metals
City	Beijing
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Public
Business Description	Zhongjin Gold Co Ltd is a gold mining company, headquartered in China. The company mines, produces, smelts, refines, and distributes gold and other nonferrous metals. The company also provides research and development of gold manufacturing technology and consultation services. It was founded in 2000.
Advisors	NULL
Acquiror Sales	2.42 billion U.S. Dollar 16.55 billion Chinese Yuan

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