The latest update is out from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ).
Jinchuan Group International Resources Co. Ltd announced a top-up placing of existing shares and subscription of new shares under a general mandate. The company, along with the Vendor and a Sole Placing Agent, agreed to a Placing and Subscription Agreement involving 630,000,000 existing shares at a price of HK$0.628 per share. This transaction represents approximately 5.04% of the total shares in issue, which will become about 4.80% after the subscription. The completion of this transaction is subject to certain conditions, and stakeholders are advised to exercise caution.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a company incorporated in the Cayman Islands, primarily involved in the resources sector. It is a substantial shareholder controlled by Jinchuan (BVI) 1 Limited, a company incorporated in the British Virgin Islands.
YTD Price Performance: 48.08%
Average Trading Volume: 39,088,265
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$9.63B
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