Minjar Gold

A$330m acquisition of the Southern Cross Operations

April 2017

In February 2017, it was announced that Shandong Tianye Group had entered into a binding Share Sale Agreement to acquire 100% of the shares in Hanking Australia from China Hanking Holdings Limited.

Hanking Australia holds the Southern Cross Gold Mine, which produces more than 100,000 ounces of gold per annum.

The Guarantor to the transaction was the founder and controlling shareholder of Shandong Tyan Home Co., Ltd, a listed company on the Shanghai Stock Exchange and parent company to Minjar Gold.

The transaction completed in April 2017.

Azure advised Minjar and Shandong Tianye on all aspects of the transaction including valuation and strategic advice, structuring, coordination of due diligence and negotiation of the relevant transaction agreements.