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An update from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) is now available.
Jinchuan Group International Resources Co. Ltd announced that its subsidiary, Metorex (Proprietary) Limited, has secured a revolving loan facility of up to $10 million for working capital purposes. The loan agreement stipulates that Jinchuan Group Co., Ltd. must maintain control over the borrower, with any breach potentially leading to loan termination or immediate repayment demands. The company is required to disclose this specific performance obligation in its reports as per listing rules. Additionally, trading of the company’s shares remains suspended due to previous delays in annual results publication and other issues.
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 resources industry. It is a subsidiary of Jinchuan Group Co., Ltd., which holds a significant controlling interest in the company.
Average Trading Volume: 143,379,953
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
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