MMG ( (HK:1208) ) has shared an announcement.
MMG Limited has entered into the Dugald River Zinc Concentrate Sale Agreement with Minmetals North-Europe, a subsidiary of its controlling shareholder CMC, marking it as a connected transaction under Hong Kong’s Listing Rules. The agreement involves the sale of approximately 10,000 dry metric tonnes of zinc concentrate, valued at around US$13 million, with terms negotiated at arm’s length and consistent with market practices. This transaction reinforces MMG’s business operations by maintaining its market-aligned sales strategy and strengthening its relationship with the CMC Group.
More about MMG
MMG Limited is a company engaged in the production and sale of metal products, including copper, zinc, and lead concentrates. The company operates within the mining industry and focuses on selling its products to the CMC Group, aligning its pricing and terms with prevailing market rates and conditions.
YTD Price Performance: 8.12%
Average Trading Volume: 2,646
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.25B
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