China Hongxing Sports planning RTO, could enter gold-mining business
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Claudia Chong
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Singapore
CHINA Hongxing Sports might be headed for a reverse takeover (RTO) that will make gold-mining its core business.
The firm announced on Monday that it has entered into an agreement with Mining and Minerals Industries Holding Pte Ltd (MMIHPL) to acquire all the issued and paid-up share capital of MMJV Pte Ltd. MMJV, incorporated on March 22, is a holding company of two joint-venture companies.
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