tiprankstipranks
China Mining International Faces Legal Proceedings Over Loan Agreement
Company Announcements

China Mining International Faces Legal Proceedings Over Loan Agreement

Story Highlights
  • China Mining International’s subsidiary faces a court summons over a loan agreement.
  • The company is assessing legal and financial impacts while considering mediation options.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

China Mining International Ltd. ( (SG:BHD) ) has issued an announcement.

China Mining International Ltd. has announced that its subsidiary, Henan Zhongnong Huasheng Agricultural Technology Co., Ltd., has received a court summons from the Xingyang People’s Court concerning a term loan repayment agreement. The company is evaluating the claims and seeking legal advice, while also considering mediation or settlement during the ongoing legal process. The potential financial impact is under assessment, and the court proceedings are expected to take at least six months.

More about China Mining International Ltd.

China Mining International Ltd. operates in the mining industry and is involved in various operations through its subsidiaries, including Henan Zhongnong Huasheng Agricultural Technology Co., Ltd. The company is listed on the Singapore Exchange Securities Trading Limited.

YTD Price Performance: -10.0%

Average Trading Volume: 1,119,408

Technical Sentiment Consensus Rating: Hold

Current Market Cap: S$14.69M

Find detailed analytics on BHD stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App