Jiangxi Copper Tightens Controls on Mutual Guarantees with Fuye Group

Jiangxi Copper Company ( (HK:0358) ) has shared an update.

Jiangxi Copper Company Limited has issued a supplemental announcement detailing the internal control framework governing its continuing connected transactions under a new mutual guarantees agreement with Fuye Group. The company has set up monthly monitoring by its finance and securities departments to ensure guarantee amounts stay within approved annual caps, requires immediate board escalation if caps risk being breached, and has obtained board (including independent non-executive directors) approval for the guarantees. Fuye Group must halt further borrowing if its debt-to-asset ratio reaches 70% and provide monthly financial statements, while Jiangxi Copper’s finance, legal and risk control teams will track its credit status and enforce reporting. Independent non-executive directors and the external auditor will conduct ongoing and annual reviews to confirm fairness, compliance with Hong Kong Listing Rules and protection of shareholder interests, underscoring strengthened governance and risk controls around the group’s external guarantees.

The most recent analyst rating on (HK:0358) stock is a Buy with a HK$53.00 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 is a major Chinese non-ferrous metal producer listed in Hong Kong, primarily engaged in the mining, smelting and processing of copper and related products, supplying both domestic and international industrial users. The company operates under Hong Kong Listing Rules oversight, with a board comprising executive and independent non-executive directors to supervise governance, connected transactions and risk management.

Average Trading Volume: 21,721,025

Technical Sentiment Signal: Buy

Current Market Cap: HK$210.4B

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