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South Manganese Investment Limited ( (HK:1091) ) has issued an announcement.
South Manganese Investment Limited has announced a debt reduction proposal approved by its Board, aiming to enhance its credit rating and improve financial flexibility. The proposal involves using available free cash flows to repay debts and optimize the debt structure, targeting a reduction in indebtedness by RMB300 million to RMB500 million annually and lowering the gearing ratio to 50% or below within five years.
More about South Manganese Investment Limited
South Manganese Investment Limited is a company incorporated in Bermuda with limited liability, listed on the Main Board of the Stock Exchange of Hong Kong. The company operates in the manganese industry, focusing on investment and management of manganese resources and related businesses.
Average Trading Volume: 3,970,195
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.05B
See more data about 1091 stock on TipRanks’ Stock Analysis page.