Highlights
- Roma Appraisals Limited (Roma), an independent professional valuation firm, has performed a valuation for Hengda’s business and assets, which satisfied and surpassed the US$150 million minimum valuation Condition Precedent under merger agreement.
- Leading mining technical expert RungePincockMinarco (RPM) and BDO Hong Kong (BDO) have completed due diligence on China Sciences Hengda Graphite Co Ltd (Hengda).
- Roma calculated an equity value of US$186 million (enterprise value of US$271 million) for Hengda, based on the due diligence report by RPM and the Hengda management’s forecasts.
- A Shareholders’ Meeting is planned to seek approval of planned merger.
- A corporate video providing an overview of Hengda’s assets and operations is available for viewing.
For further information please download PDF attached:
