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The latest update is out from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ).
Jinchuan Group International Resources Co. Ltd announced that its wholly-owned subsidiary, Metorex (Proprietary) Limited, has secured a revolving loan facility of up to US$10 million for a term of 12 months. This loan is intended for working capital purposes, and its terms require Jinchuan Group Co., Ltd to maintain control over the borrower, with potential implications for the company’s credit arrangements if this condition is breached.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a company incorporated in the Cayman Islands, primarily involved in the resources sector. It is a subsidiary of Jinchuan Group Co., Ltd, which holds a significant controlling interest in the company.
YTD Price Performance: 23.08%
Average Trading Volume: 128,822,181
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.4B
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