On 24 July 2019, the global mining giant A+H listed company China Molybdenum Co.,Ltd ("China Molybdenum") completed its acquisition of the world famous metal trader IXM B.V. via its wholly-owned overseas subsidiary CMOC Limited at a price of around 518 million US dollars(the "Transaction"), through which China Molybdenum will indirectly hold 100% of IXM B.V.'s shares.
China Molybdenum is an A+H listed company specialized in the trade of special, rare and base metals with dozens of subsidiaries worldwide. Its business integrates scientific research, production and trade together. Currently, it is one of the world's top 5 molybdenum producers, one of the largest tungsten producers, the second largest cobalt and niobium producers, Australia's fourth largest copper producer and Brazil's second largest phosphate producer. IXM B.V. is a world famous metal trader. It mainly trades in products such as copper, lead, and zinc concentrates as well as refined copper, lead and zinc metals and a few precious metal concentrates and cobalt by-products. IXM B.V. is deeply involved in the trade of concentrates and the refinement of metals taking advantage of its stable business operations, good industry reputation and a worldwide business network. China Molybdenum will strive, using its acquisition of IXM B.V.'s metal trade business, to expand its business scope and drive China Molybdenum to greater heights and a higher level of development.
As the legal counsel of China Molybdenum, Llinks provided professional legal services related to cross-border acquisitions using its solid legal background and rich experience in mergers and acquisitions of listed companies.
