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China Mining International Ltd. ( (SG:BHD) ) has shared an announcement.
China Mining International Limited, through its subsidiary Henan Zhongnong Huasheng Agricultural Science and Technology Co., Ltd., is involved in a legal dispute over loans with Xingyang Poverty Alleviation and Development Service Center and Zhengzhou Agricultural Financing Guarantee Co., Ltd. The company is currently undergoing a judicial auction process to resolve the loan disputes, with potential outcomes including a successful auction to repay the debt or an asset-for-debt swap. The subsidiary is taking proactive measures by submitting property status to the court and seeking private buyers to maximize value and facilitate repayment.
More about China Mining International Ltd.
Average Trading Volume: 1,253,614
Technical Sentiment Signal: Sell
Current Market Cap: S$13.87M
For an in-depth examination of BHD stock, go to TipRanks’ Overview page.