The Company did not anticipate requiring this capital for other purposes in the foreseeable future. The purchase price was funded exclusively from Minco Silver's surplus working capital, and represents an opportunity to earn a greater return than through traditional banking investments. The preliminary agreement was negotiated between the Company and Huaxin on an arms-length basis. The Company's stake in the Saikehuan LP gives it an indirect interest in approximately 7,480,937 shares of Hexie (the "Hexie Shares"), or 0.98% of Hexie's total outstanding shares. The Saikehuan LPs primary asset is an approximately 25% stake in Hexie (a total of 190,977,024 shares). Hexie currently has 763,360,918 outstanding shares, and an estimate total market capitalization of RMB 15.8 billion. ("Minco China"), will acquire an interest in the Tianjin Saikehuan Enterprise Management Center Limited Partnership (the "Saikehuan LP") from Tianjin Huaxin Anneng Management Consulting Partnership LP ("Huaxin") for RMB 119,762,699 ( CAD$23.04 million) in cash. Under the transfer agreement, the Company, through its wholly owned subsidiary, Minco Mining ( China) Co., Ltd. ![]() ("Hexie"), one of the largest cement manufacturing companies in China and the owner of several limestone mines. 19, 2022 /CNW/ - Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) (OTCQX: MISVF) (WKN: A0ESX5) is pleased to announce that it has entered into a transfer agreement to acquire a stake in Sichuan Hexie Shuangma Co., Ltd.
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