Yunnan Lincang Xinyuan Germanium Industrial announces that it plans to take over 60% equities four natural persons hold in Jiucaiba company at CNY 78.07 million.
Jiucaiba had a germanium ore reserve of 196,700 tons by December 31, 2012, with average grade being 583.00 grams per ton and metal volume being 114.69 tons; net book value is CNY 33.16 million, net assets value is appraised at CNY 140.45 million and appreciation rate is 323.50%.