Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) just unveiled an update.
Jinchuan Group International Resources Co. Ltd announced that its wholly-owned subsidiary, Metorex (Proprietary) Limited, has secured a revolving loan facility of up to US$10 million for a term of 12 months to support its working capital needs. The loan agreement includes a condition that Jinchuan Group Co., Ltd. must maintain control over the borrower, failing which the loan could become immediately repayable. Additionally, the company has faced delays in publishing its annual results and has suspended trading of its shares on the Hong Kong Stock Exchange since March 28, 2025, pending further notice.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a company incorporated in the Cayman Islands, operating primarily in the resources sector. It is a subsidiary of Jinchuan Group Co., Ltd., which holds a controlling stake of approximately 57.82% in the company.
YTD Price Performance: 23.08%
Average Trading Volume: 128,822,181
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.4B
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