Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
China Vanadium Titano-Magnetite Mining Co., Ltd. ( (HK:0893) ) just unveiled an update.
China Vanadium Titano-Magnetite Mining Co., Ltd. announced that its controlling shareholder, Trisonic International Limited, has charged 242,618,000 shares, representing approximately 10.79% of the company’s total shares, as security to a financial institution. This move is part of a financing facility agreement with associated companies of Trisonic. The charge has led to the appointment of receivers over the assets, including the charged shares, and discussions are ongoing regarding a potential debt restructuring arrangement. The company clarified that this arrangement does not involve the company or its group directly, and there is no change in the controlling shareholders as of the announcement date.
More about China Vanadium Titano-Magnetite Mining Co., Ltd.
China Vanadium Titano-Magnetite Mining Co., Ltd. is involved in the mining industry, focusing on the extraction and processing of vanadium, titanium, and magnetite, which are critical components in various industrial applications.
YTD Price Performance: 67.31%
Average Trading Volume: 4,232,983
Technical Sentiment Signal: Buy
Current Market Cap: HK$204.7M
Find detailed analytics on 0893 stock on TipRanks’ Stock Analysis page.