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Jiangxi Copper Company ( (HK:0358) ) has issued an update.
Jiangxi Copper Company has entered into two cooperation framework agreements with Ordins, a substantial shareholder of its subsidiary JCC International Trade, covering procurement and sales arrangements from 1 January 2026 to 31 December 2028. Under these agreements, the Ordins Group will provide comprehensive supply and services to Jiangxi Copper’s group, while the group will in turn supply products and services to Ordins, constituting continuing connected transactions under Hong Kong listing rules that have been approved by the board and deemed fair, reasonable and in the ordinary course of business, subject only to annual review, reporting and announcement requirements rather than shareholder approval, which should help formalize and stabilize their commercial relationship over the next three years.
The most recent analyst rating on (HK:0358) stock is a Hold with a HK$45.00 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 is a major Chinese metals producer focused on the mining, smelting and trading of copper and related non-ferrous metals, with operations that span the upstream and downstream copper industry chain and active participation in international commodity markets through subsidiaries such as JCC International Trade.
YTD Price Performance: 11.29%
Average Trading Volume: 21,919,337
Technical Sentiment Signal: Buy
Current Market Cap: HK$214.4B
For an in-depth examination of 0358 stock, go to TipRanks’ Overview page.