M&A Deal Summary

China Natural Resources Acquires Precise Space-Time Technology

On July 27, 2021, China Natural Resources acquired business services company Precise Space-Time Technology for 104M CNY

Acquisition Highlights
  • This is China Natural Resources’ 1st transaction in the Business Services sector.
  • This is China Natural Resources’ 0th largest (disclosed) transaction.
  • This is China Natural Resources’ 2nd transaction in China.

M&A Deal Summary

Date 2021-07-27
Target Precise Space-Time Technology
Sector Business Services
Buyer(s) China Natural Resources
Deal Type Add-on Acquisition
Deal Value 104M CNY

Target

Precise Space-Time Technology

China
Precise Space-Time Technology is an independent valuation firm. Precise Space-Time Technology is based in China.

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Buyer(S) 1

Buyer

China Natural Resources

Sheung Wan, China

Category Company
Founded 1993
Sector Metals/Mining
Employees75
Revenue 19M CNY (2021)
DESCRIPTION

China Natural Resources is an engaged in the acquisition and exploitation of mining rights, including the exploration, mineral extraction, processing and sale of iron, zinc and other nonferrous metals, extracted or produced at mines primarily located in Anhui Province in the PRC and (b) completing its plant and related activities preparatory to commencing the smelting of copper ore and production of copper cathodes at its plant located in western Bolivia. China Natural Resources was founded in 1993 and is based in Sheung Wan, China.


DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (China) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Feishang Anthracite Resources

Hong Kong, China

Feishang Anthracite Resources Ltd. engages in base metals exploration and mining and anthracite coal exploration and mining. Feishang Anthracite Resources Ltd. was founded in 2010 and is based in Hong Kong.

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