Jiangxi Copper’s Parent Pledges Shares for RMB5 Billion Exchangeable Bond Issue

The latest update is out from Jiangxi Copper Company ( (HK:0358) ).

Jiangxi Copper Company Limited announced that its controlling shareholder, Jiangxi Copper Corporation Limited, has completed guarantee and trust registration for a planned issuance of up to RMB5 billion of publicly offered exchangeable corporate bonds to professional investors. The bonds will be secured by 169 million A-shares of Jiangxi Copper transferred into a dedicated guarantee and trust account managed by CSC Financial, ensuring bondholders’ rights to exchange into shares and timely repayment of principal and interest.

Following the registration, Jiangxi Copper Corporation will directly hold 40.84% of Jiangxi Copper’s issued shares and an additional 4.88% through the guarantee and trust account, with CSC exercising voting rights in line with the shareholder’s instructions while protecting bondholder interests. The company emphasized that this arrangement will not change its controlling shareholder or actual controller and does not trigger any general offer, suggesting stability in its ownership structure despite the use of shares as collateral for financing.

The most recent analyst rating on (HK:0358) stock is a Hold with a HK$47.00 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 focused on the mining, smelting, and processing of copper and related products. The company is listed in Hong Kong and mainland China, and its controlling shareholder is Jiangxi Copper Corporation Limited, which holds a significant stake via both direct shareholding and structured holdings.

Average Trading Volume: 23,250,856

Technical Sentiment Signal: Buy

Current Market Cap: HK$156.3B

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