China's Shandong Gold to acquire Xinjiang-focused miner Hengxing

China's Shandong Gold to acquire Xinjiang-focused miner Hengxing

Changzhou, China

Shandong Gold Mining Co said on Wednesday it would buy Hengxing Gold Holding Co in an all-stock deal worth around HK$3 billion ($387 million) that gives it control of the Gold Mountain mine in China’s Xinjiang region.