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Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) has provided an update.
Jinchuan Group International Resources said its wholly owned subsidiary Metorex (Proprietary) Limited has secured a 12‑month revolving loan facility of up to US$15 million from a bank, earmarked for working capital for Metorex and its subsidiaries. The loan terms require ultimate controlling shareholder Jinchuan Group Co., Ltd to maintain control of the borrower, with any breach potentially triggering immediate repayment and prompting ongoing disclosure obligations under Hong Kong listing rules.
The company also noted that trading in its shares on the Hong Kong Stock Exchange has been suspended since 28 March 2025 and will remain halted until further notice. Shareholders and potential investors were urged to exercise caution, underscoring continuing uncertainty around the stock even as the new facility supports the group’s operational liquidity needs.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a Hong Kong-listed resources company incorporated in the Cayman Islands and ultimately controlled by Jinchuan Group Co., Ltd. Through subsidiaries such as Metorex (Proprietary) Limited, it operates in the mining and resources sector, focusing on commodities that support its international resource development strategy and related working capital needs.
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
Learn more about 2362 stock on TipRanks’ Stock Analysis page.