On June 30丨Shengtun Mining (600711.SH) announced that in order to firmly implement the company's “up-control resources, down-expand materials” development strategy, further optimize the subsidiary's equity structure, combine the actual development situation of the company, and enhance the quality and competitiveness of the company's business development, the company's wholly-owned subsidiary Shengtun New Materials plans to sign a “Equity Transfer Agreement” with United Century to acquire 35% of the shares in Shengtun Global Resources held by United Century through cash.

Shengtun Global Resources is mainly engaged in resource investment, equipment import and export, and commodity trading. It is an important holding subsidiary of the company. Over the years, the company has operated efficiently and stably, with an annual output of 30,000 metal tons of copper and 6,000 metal tons of crude cobalt hydroxide smelting production capacity. The final transaction price was set at 483 million yuan.