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The latest update is out from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ).
Jinchuan Group International Resources has provided an update on an ongoing independent forensic investigation into certain payments made by its Ruashi operation, a probe that has delayed its 2024 annual results and led to a prolonged suspension of trading in its shares since March 2025. The board formed a special investigation committee comprising all independent non-executive directors, engaged a forensic accounting firm in April 2025, and appointed an internal control consultant in August 2025 to review the group’s internal controls, with findings to be published in due course, steps that are key to meeting Hong Kong Stock Exchange resumption requirements and restoring investor confidence.
The investigation stems from concerns raised by the company’s former auditor, Deloitte, which requested additional work on the Ruashi payments before signing off the 2024 accounts, prompting the company to miss regulatory reporting deadlines. The outcome of the forensic review and internal control assessment will be central to determining when trading in the company’s shares can resume and how effectively the group addresses governance and compliance risks highlighted by the allegations.
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, operating in the mining and metals sector through subsidiaries such as Ruashi. It focuses on producing and trading mineral resources, positioning itself within the broader global commodities and base-metals supply chain.
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
Learn more about 2362 stock on TipRanks’ Stock Analysis page.