Zhaojin Mining Announces H Share Repurchase and Articles Amendment

The latest announcement is out from Zhaojin Mining Industry Co ( (HK:1818) ).

Zhaojin Mining Industry Company Limited has announced a special resolution to repurchase up to 10% of its issued H Shares, excluding Treasury Shares, as part of a strategic initiative to manage its capital. The board is authorized to determine the specifics of the repurchase plan, including price and timing, and to decide on the use of repurchased shares, which may include cancellation or holding as Treasury Shares. Additionally, the company proposes amendments to its Articles of Association to reflect these changes, indicating a proactive approach to capital management and regulatory compliance.

More about Zhaojin Mining Industry Co

Zhaojin Mining Industry Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates within the mining industry, focusing on the exploration, mining, and processing of gold and other precious metals. The company is listed on the Hong Kong Stock Exchange under the stock code 1818.

Average Trading Volume: 23,830,459

Technical Sentiment Signal: Buy

Current Market Cap: HK$68.23B

For detailed information about 1818 stock, go to TipRanks’ Stock Analysis page.