China Kingstone Mining Holdings Ltd ( (HK:1380) ) has provided an update.
China Kingstone Mining Holdings Ltd announced a discloseable transaction involving a loan agreement with Mr. Song, a PRC individual and sole owner of SSE, a company engaged in mining operations in Chile. The loan, amounting to USD570,000, will be financed using the company’s internal resources and is secured by a share charge over 15% of SSE’s equity interest. This transaction highlights the company’s strategic financial involvement in the mining sector, potentially impacting its market positioning and stakeholder interests.
More about China Kingstone Mining Holdings Ltd
China Kingstone Mining Holdings Ltd is a company involved in the mining industry, primarily focused on the acquisition and development of mining rights. The company operates in the mining sector, providing financial assistance and engaging in transactions related to mining operations.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.05M
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