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Zijin Mining Group Co ( (HK:2899) ) has shared an announcement.
Zijin Mining Group Co., Ltd. announced the repurchase and cancellation of 30,600 Restricted A Shares under its 2020 Incentive Scheme due to a participant’s resignation. This decision is part of a broader effort to maintain compliance with the scheme’s eligibility criteria, reflecting the company’s commitment to effective governance and operational integrity. The shares, previously frozen by the court, have now been unfrozen, allowing the company to proceed with the cancellation process. This move underscores Zijin Mining’s proactive approach to managing its equity structure and ensuring alignment with its strategic objectives.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$36.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a prominent player in the mining industry, focusing on the extraction and production of gold, copper, and other mineral resources. The company is known for its extensive operations in China and its strategic expansion into international markets, aiming to enhance its global presence in the mining sector.
Average Trading Volume: 72,206,267
Technical Sentiment Signal: Buy
Current Market Cap: HK$880.6B
See more insights into 2899 stock on TipRanks’ Stock Analysis page.