CASE STUDY / DISPOSAL OF A GOLD MINING OPERATION
Ince & Co advised China Goldmines PLC, a UK incorporated company listed on the Alternative Investment Market (AIM) of the London Stock Exchange, in relation to the sale and disposal of a gold mining operation comprising eight goldmines in the Hunan province of the People's Republic of China.
The transaction, worth more than HK$200 million, constituted a fundamental change of business under the AIM listing rules, and therefore required close liaison with the company's nominated adviser and English lawyers in relation to listing and compliance matters. Due to the particular corporate structure used by the company, as well as the geographical location of the gold mines, extensive cross-jurisdictional cooperation from teams of lawyers in Hong Kong, the UK, Australia and the People’s Republic of China was required.
Ince advised China Goldmines in the negotiation and preparation of all transaction those, including documents relating to the sale and purchase, and ancillary matters pre- and post-completion.