Founder Dead 4 Years: Chifeng Gold Changes Hands! 80s-Born Widow Exits Completely After 10+ Billion Yuan Transaction

Gelonghui, March 25 — According to The Paper, the total transaction value is approximately 18.258 billion yuan, making it one of the largest M&A deals in A-shares in recent years. Four years after the death of Zhao Meiguang, a mining tycoon from Inner Mongolia and founder of Chifeng Gold, his widow Li Jinyang, born in the 1980s, has ended her “holding-only, not operating” stance and ultimately decided to fully exit. Chifeng Gold recently announced a major update: the company’s actual controlling shareholder will undergo a significant change. Once the deal is completed, this private mining company from Inner Mongolia will become part of the large “Zijin Group,” with the actual controller changing to the Finance Bureau of Shanghang County, Fujian Province.

According to the disclosed transaction plan, the change of control will be carried out through a combination of “agreement transfer + targeted issuance.” Li Jinyang and her concerted parties, Zhejiang Hanfeng Venture Capital Partnership (Limited Partnership), plan to transfer all 242 million freely tradable shares (accounting for 12.73% of the company’s current total share capital) to Zijin Gold at a price of 41.36 yuan per share, totaling 10.006 billion yuan.