#Gerald Group #Soremi SA #Boko Yanga #Republic of Congo #Copper Cathodes

Gerald Group's Warning on Soremi SA's Unauthorized Bids

In a significant announcement, Gerald Group has issued a caution regarding unauthorized bids that have recently emerged from Soremi SA, a mining entity operating in the Republic of Congo's Boko Yanga metal corridor. The warning unfolds amidst an ongoing legal battle surrounding the control and ownership of Soremi SA's operations, which produce essential metals, including copper cathodes and zinc ingots.

Background on Soremi SA

Soremi SA is a local mining company that is essentially operated under the control of Soremi Investments Ltd. (SIL), which has belonged to Gerald Group entirely since judicial appointments were made to oversee the company’s operations due to legal disputes. The complex ownership narrative involves multiple court rulings in various jurisdictions, including the British Virgin Islands and Hong Kong, which have recognized Gerald Group's rights over SIL.

Currently, an administrator judicially appointed oversees SIL, a move resulting from a series of court orders that affirmed Gerald Group's entitlement to the 65% stake once held by China National Gold Group Hong Kong Limited (CNG).

These court rulings also highlight that CNG no longer has any ownership or interest in Soremi SA or its associated assets. In stark violation of these legal determinations, CNG has continued to act as if they control Soremi SA, frustrating efforts for legitimate governance and asset protection.

Recent Developments

Gerald Group has recently discovered that on June 6, 2025, Soremi SA issued two unauthorized bids inviting buyers to purchase approximately 10,000 metric tons of copper cathodes and 40,000 metric tons of zinc ingots. The company has been quick to clarify that these bids are not only unauthorized but also illegal. According to Gerald Group, they possess an exclusive preemptive right to 100% of Soremi SA's production, a right they have confirmed their intention to exercise fully.

The warning issued by Gerald Group serves to alert potential buyers that any transaction executed under these unauthorized bids will be considered illegal and will breach several court orders. Furthermore, buyers engaging in such transactions risk incurring legal repercussions and financial liabilities.

Ongoing Legal Proceedings

In light of the circumstances, Gerald Group emphasizes that they are committed to enforcing all judicial decisions to restore lawful governance at Soremi SA and protect its assets. There are concerns that CNG’s attempts to undermine the rule of law not only damage Soremi SA’s financial standing but also set a precarious precedent for state-owned enterprises and their responsibility to adhere to international judicial decisions.

CNG, being a fully owned subsidiary of China National Gold Group Corporation, has demonstrated a pattern of actions that violate judicial orders, which intensifies the legal challenges ahead. The significant financial resources expended by CNG in legal battles underscore the complex interplay between corporate governance and compliance with international law.

Conclusion

With Jerry Group’s proactive stance, it aims to ensure the stability of Soremi SA and protect its assets from illegal activities while working towards a compliant operational framework. Stakeholders are urged to consider the legal ramifications seriously before engaging in any dealings related to the unauthorized bids put forth by Soremi SA, as Gerald Group is prepared to take necessary actions against any colluding parties involved.