Jinchuan Group Faces Delay in Annual Results Amid Investigation

An update from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) is now available.

Jinchuan Group International Resources Co. Ltd has announced a delay in the publication of its annual results for the year ended December 31, 2024, due to the need for additional work on its subsidiary, Ruashi Mining SAS. This delay is linked to an investigation into allegations concerning certain payments made by Ruashi SAS, which lack reliable supporting documents. A special investigation committee has been established, and independent experts have been engaged to conduct a forensic investigation. The company’s trading on the Hong Kong Stock Exchange remains suspended until further notice, advising shareholders and potential investors to exercise caution.

More about Jinchuan Group International Resources Co. Ltd

Jinchuan Group International Resources Co. Ltd is a company incorporated in the Cayman Islands, primarily engaged in the mining industry. It operates through its subsidiaries, including Ruashi Mining SAS, which is based in the Democratic Republic of Congo.

YTD Price Performance: 23.08%

Average Trading Volume: 108,602,607

Technical Sentiment Signal: Sell

Current Market Cap: HK$8.4B

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