Zijin Mining Takes 21.23% Stake in Jiayou International

What’s new: Zijin Mining Group Ltd. (601899.SH) offered 1.24 billion yuan ($195 million) for a 21.23% stake in cross-border logistics service provider Jiayou International Logistics Co. Ltd. (603871.SH), the company said Monday.

A wholly owned unit of Zijin Mining will acquire 45.05 million shares of Jiayou for 18.9 yuan a share and will subscribe for 20.97 million shares of Jiayou’s non-publicly issued shares for 387 million yuan, the mining giant said.