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JX Energy Ltd. ( (HK:3395) ) has issued an announcement.
JX Energy Ltd. has entered into a Loan Capitalization Agreement with Jixing Energy and Mr. Liu, settling a shareholder’s loan and part of a debt by issuing 210 million new shares. This move, which involves a significant portion of the company’s share capital, is a connected transaction under the Listing Rules and requires approval from independent shareholders, with Mr. Liu abstaining from voting due to his material interest.
The most recent analyst rating on (HK:3395) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on JX Energy Ltd. stock, see the HK:3395 Stock Forecast page.
More about JX Energy Ltd.
JX Energy Ltd. is a company incorporated under the laws of Alberta, focusing on the energy sector. The company is involved in energy production and related services, with a market presence indicated by its listing on the Hong Kong Stock Exchange.
Average Trading Volume: 2,368,189
Technical Sentiment Signal: Hold
Current Market Cap: HK$184.9M
See more insights into 3395 stock on TipRanks’ Stock Analysis page.