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An announcement from Jiangxi Copper Company ( (HK:0358) ) is now available.
Jiangxi Copper Company Limited has advanced its overseas expansion strategy through a formal cash offer to acquire all issued and to-be-issued shares of UK-listed SolGold plc, excluding those it already holds, at 28 pence per share via its wholly owned Hong Kong investment subsidiary. The move underscores Jiangxi Copper’s efforts to secure additional copper resources and enhance its international portfolio amid intensifying competition for high-quality mining assets.
The company announced that a UK court has approved the offer following earlier approvals at SolGold’s court and general meetings, and the transaction is expected to become effective on 4 March 2026, although completion has not yet occurred. Jiangxi Copper said it will provide further updates in line with regulatory requirements and cautioned investors to remain mindful of investment risks as the acquisition progresses toward finalization.
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 one of China’s leading non-ferrous metal producers, primarily engaged in the mining, smelting and processing of copper and related products. The company operates across the copper value chain and uses overseas investments to secure long-term resource supply and strengthen its position in the global copper industry.
YTD Price Performance: 6.34%
Average Trading Volume: 24,193,583
Technical Sentiment Signal: Buy
Current Market Cap: HK$200B
Learn more about 0358 stock on TipRanks’ Stock Analysis page.