Jiangxi Copper Company (HK:0358) has released an update.
Jiangxi Copper Company Limited has announced the termination of its planned spin-off and subsequent ChiNext listing of its subsidiary, JCC Copper Foil, due to the current market conditions and other considerations. The decision, which follows a series of regulatory compliance and due diligence processes, is not expected to materially impact the company’s current production, operations, or financial status, nor its strategic direction.
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