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Shougang Fushan Resources Group Limited ( (HK:0639) ) has provided an announcement.
Independent shareholders of Shougang Fushan Resources Group Limited have approved the renewal of the group’s financial services framework with Shougang Finance for the period from 1 January 2026 to 31 December 2028. The ordinary resolution, covering the 2026 Financial Services Framework Agreement, including deposit and credit services and related daily caps, was passed by poll at the 30 January 2026 general meeting with about 90.73% of votes cast in favour, enabling the group to continue accessing intra-group deposit, credit and other financial services under an authorised framework, which provides continuity and clarity for its treasury management and connected transactions governance.
The most recent analyst rating on (HK:0639) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Shougang Fushan Resources Group Limited stock, see the HK:0639 Stock Forecast page.
More about Shougang Fushan Resources Group Limited
Shougang Fushan Resources Group Limited is a Hong Kong-incorporated company listed on the Stock Exchange of Hong Kong, primarily engaged in the resources sector. The group operates within the broader coal and related resources industry, and maintains financial service arrangements within its corporate group structure to support its ongoing operations.
Average Trading Volume: 9,909,134
Technical Sentiment Signal: Buy
Current Market Cap: HK$16.85B
For an in-depth examination of 0639 stock, go to TipRanks’ Overview page.