Bright International Group Ltd will buy the eight gold mines in China. Eight gold mine that will be purchased 7:41 valued billion Hong Kong dollars (U.S. $ 956.1 million). Bright International said on Sunday plans to buy six mines in Hebei province of the Gold Mark Enterprises Ltd. in a deal valued at HK $ 6.35 billion. It is said also plans to buy two mines in Shandong Province from Wingem Investments Ltd. for HK $ 1.06 billion.

Bright International said it plans to finance the purchase primarily through the issue of convertible bonds and promissory notes to two vendors. If the seller fully implement the conversion bonds, Silver Mark 79.93% will take a stake in Bright International and Wingem will have 13.91%.

Some analysts also questioned the intention Bright International controlling shareholder in the pursuit of a commodity play during the peak of insanity in precious metals markets, especially gold. But Bright believes that investment in gold mining sector has a very good prospect in the future. Gold mining exploration and production of gold has a high commercial value and demand for precious metals remains stable despite global economic conditions decline.

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