Jinchuan Group International Resources Co. Ltd (HK:2362) has released an update.
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Jinchuan Group International Resources Co. Ltd has announced an increase in their uncommitted revolving loan facility from $30 million to $50 million, with an extended maturity date now set for March 25, 2025. The additional funds are designated for general working capital for the borrower and its group companies. Moreover, Jinchuan Group, the company’s controlling shareholder, is obligated to retain its position as the largest shareholder and maintain management control, the violation of which could lead to the facility’s termination.
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