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Zhaojin Mining Industry Co ( (HK:1818) ) just unveiled an update.
Zhaojin Mining Industry Co. announced that its wholly-owned subsidiary, Sparky International Company Limited, has entered into a Cornerstone Investment Agreement with Zijin International. The agreement involves a conditional subscription of shares worth approximately US$30 million as part of an international offering. This transaction is categorized as a connected transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholder approval due to its size. This investment could potentially enhance Zhaojin’s strategic positioning in the mining sector.
The most recent analyst rating on (HK:1818) stock is a Buy with a HK$26.00 price target. To see the full list of analyst forecasts on Zhaojin Mining Industry Co stock, see the HK:1818 Stock Forecast page.
More about Zhaojin Mining Industry Co
Zhaojin Mining Industry Co. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the mining industry, focusing on the extraction and production of gold and other precious metals.
Average Trading Volume: 14,274,518
Technical Sentiment Signal: Buy
Current Market Cap: HK$101B
See more insights into 1818 stock on TipRanks’ Stock Analysis page.