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Chen Yumin Met with Richard Tory, the Director and General Manager of Morgan Stanley
On the morning of May 6, Chen Yumin, the chairman of the board of SD-Gold Group and secretary of CPC SD-Gold party committee, Li Guohong, the general manager of SD-Gold Group and chairman of Shandong Gold Mining Co., Ltd. (SH600547,1787.HK) and He Jiping, the deputy general manager of SD-Gold met with Richard Tory, the director and general manager of Morgan Stanley, and his party in Beijing.
At the meeting, both sides exchanged views on recent development status and future development trend of the gold industry. Both sides unanimously agreed that current international gold industry is in an important period of merger and integration, and large-scale international gold enterprises are all exploring transactions in assets with value creation potentials and strategic meanings, therefore, there are still many challenges in the selection and transaction execution of good assets.
Chen Yumin stated that SD-Gold would firmly implement the strategy of internationalization and actively participate in global gold resources integration and hoped that both sides would continue to strengthen communications to enhance the cooperation level. Richard Tory affirmed the strong comprehensive strength and continuously-improved development performance of SD-Gold and also hoped to strengthen cooperation to achieve the win-win results.
Main leaders of SD-Gold Office and senior managers of SD-Gold Industrial Investment Co., Ltd. attended the meeting.