Bloomberg News

Zhongjin Gold Board Approves Plan to Buy Tuoli Jinfu

February 27, 2012

(Corrects purchase amount.)

Zhongjin Gold Co. said its board of directors approved a plan to buy a 51 percent stake in Tuoli Jinfu Gold Mining Ltd., which owns an exploration right in Xinjiang region, for 109 million yuan ($17 million), the company said in a statement to the Shanghai Stock Exchange.

To contact the reporter on this story: William Bi in Beijing at wbi@bloomberg.net

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net


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