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JX Energy Seeks Shareholder Approval to Capitalize Debt via New Share Issue

Story Highlights
  • JX Energy will hold a special shareholders’ meeting in February 2026 to vote on a loan capitalization deal and related share issuance mandate.
  • The company plans to reduce debt by issuing 210 million new shares to its major shareholder, easing leverage but diluting existing investors, subject to exchange approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JX Energy Seeks Shareholder Approval to Capitalize Debt via New Share Issue

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JX Energy Ltd. ( (HK:3395) ) has provided an announcement.

JX Energy Ltd. has called a special shareholders’ meeting for 12 February 2026 in Calgary (13 February 2026 in Hong Kong) to seek approval of a loan capitalization arrangement with controlling shareholder Mr. Yongtan Liu and Jixing Energy (Canada) Ltd. Under the proposal, the company will fully settle a C$3.84 million shareholder loan owed to Mr. Liu and partially settle C$7.49 million of a larger debt to Jixing Energy by issuing 210 million new common shares at HK$0.30 each to Mr. Liu, subject to Hong Kong Stock Exchange approval of the listing of these shares and the grant of a specific issuance mandate. The transaction would reduce JX Energy’s debt burden while diluting existing shareholders, and the company is circulating a management information circular to enable investors of record as of 9 February 2026 to make an informed voting decision at the meeting.

The most recent analyst rating on (HK:3395) stock is a Hold with a HK$0.34 price target. To see the full list of analyst forecasts on JX Energy Ltd. stock, see the HK:3395 Stock Forecast page.

More about JX Energy Ltd.

JX Energy Ltd. is an Alberta-incorporated company listed on the Hong Kong Stock Exchange (stock code: 3395). It has a shareholder base spanning Canada and Hong Kong and operates within the energy sector, with its common shares traded publicly in Hong Kong, reflecting a cross-border capital markets focus.

Average Trading Volume: 348,500

Technical Sentiment Signal: Buy

Current Market Cap: HK$203.7M

See more insights into 3395 stock on TipRanks’ Stock Analysis page.

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