Xiamen Tungsten Co., Ltd. (SHSE:600549) agreed to acquire Bobai County Judian Mining Co., Ltd. from Jiangxi Xiushui Shenwei Mining and Metallurgy Co., Ltd. for CNY 301 million on December 14, 2021. The transaction has been approved by Board of Xiamen Tungsten Co., Ltd. For the year June 30, 2021, Bobai County Judian Mining reported total assets of CNY 202.8551 million, Net Assets of CNY 52.0518 million and net profit of CNY 0.5423 million. As of December 31, 2021 Xiamen Tungsten Co., Ltd. (SHSE:600549) shareholder approved the deal.