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Jiangxi Copper Company ( (HK:0358) ) has provided an update.
Jiangxi Copper Company has signed a new financial services agreement between its group finance arm, JCC Finance, and its controlling shareholder, JCC, aimed at optimising asset allocation, resource sharing, and operational efficiency within the group. The arrangement, classified as a continuing connected transaction under Hong Kong listing rules, involves credit services whose maximum daily outstanding balance keeps all applicable percentage ratios below 5%, requiring disclosure and annual review but not independent shareholder approval. Separately, the company has entered into a new finance lease framework agreement with Shenzhen Finance Leasing Company, a JCC subsidiary, to continue the leasing transactions that will otherwise expire at the end of 2025, also structured as a continuing connected transaction with percentage ratios below 5%, thereby subject to reporting and review obligations but exempt from a shareholder vote, signalling ongoing intragroup financing support without materially changing the company’s regulatory burden.
The most recent analyst rating on (HK:0358) stock is a Buy with a HK$39.80 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 is a major Chinese copper producer engaged in the mining, smelting, and processing of copper and related non-ferrous metals, serving industrial and infrastructure customers in domestic and international markets.
Average Trading Volume: 24,740,246
Technical Sentiment Signal: Buy
Current Market Cap: HK$162.3B
Find detailed analytics on 0358 stock on TipRanks’ Stock Analysis page.