Xinjiang Tianye Acquires Four Mining Companies for 865 Million Yuan to Strengthen Raw Material Supply

Xinjiang Tianye (600075.SH) released an announcement stating that the company plans to acquire 100% equity of four wholly-owned subsidiaries, namely Jingyi Mining, Tianbo Chenye, Group Mining and Turpan Mining, held by its affiliated party Tianfu Xinye through non-public negotiated transfer. The total consideration of this transaction is 865 million yuan, which will be fully paid with自有资金? No, 自有资金 is self-owned funds, so it should be fully paid with self-owned funds.

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Xinjiang Tianye (600075.SH) released an announcement stating that the company plans to acquire 100% equity of four wholly-owned subsidiaries, namely Jingyi Mining, Tianbo Chenye, Group Mining and Turpan Mining, held by its affiliated party Tianfu Xinye through non-public negotiated transfer. The total consideration of this transaction is 865 million yuan, which will be fully paid with self-owned funds.

This transaction constitutes a connected transaction and does not constitute a major asset restructuring. Upon completion of the transaction, Xinjiang Tianye will add four limestone mines and one salt mine resource, with a total annual limestone mining scale of 9.45 million tons and an annual salt mining capacity of 200,000 cubic meters. The relevant ore resources will directly provide stable lime and raw salt raw materials for the company's production, strengthen the self-sufficiency of upstream raw materials, reduce the price fluctuations of external raw material procurement and the risk of supply chain disruption, and ensure the continuous and stable production of the downstream chemical business.

According to the announcement, this acquisition matter still needs to be submitted to the company's general meeting of shareholders for deliberation, and follow-up procedures such as equity transfer and industrial and commercial change can only be carried out after the approval of the general meeting of shareholders.

Yes, that's the correct full translation, keeping the HTML structure intact.