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Jiangxi Copper Company ( (HK:0358) ) just unveiled an announcement.
Jiangxi Copper Company Limited has announced its submission of two non-binding cash offers to acquire SolGold Plc, a company listed on the London Stock Exchange. The offers, both rejected by SolGold’s board, propose acquiring the entire share capital at 26 pence per share. Currently, Jiangxi Copper holds approximately 12.19% of SolGold’s issued shares. The potential acquisition remains uncertain as Jiangxi Copper evaluates its next steps, with a deadline set for December 26, 2025, to make a firm offer or withdraw. This move could significantly impact Jiangxi Copper’s strategic positioning in the global mining industry, potentially enhancing its resource base and market influence.
The most recent analyst rating on (HK:0358) stock is a Buy with a HK$33.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.
More about Jiangxi Copper Company
Jiangxi Copper Company Limited operates in the mining and metals industry, primarily focusing on the production and sale of copper products. It is one of China’s largest copper producers and is involved in the exploration, mining, smelting, and refining of copper and other metals.
YTD Price Performance: 163.05%
Average Trading Volume: 25,761,352
Technical Sentiment Signal: Buy
Current Market Cap: HK$127.6B
For detailed information about 0358 stock, go to TipRanks’ Stock Analysis page.