Zijin Mining Group Co ( (HK:2899) ) has issued an update.
Zijin Mining Group Co., Ltd. announced a plan to repurchase its A Shares through centralized price bidding, with a budget ranging from RMB600 million to RMB1 billion. This initiative aims to support the company’s employee stock ownership scheme or share incentive program. The repurchase period is set for up to 12 months, with a maximum price of RMB17.00 per share. The company will use its own funds for this repurchase and has assured that major shareholders currently have no plans to reduce their holdings. However, there are risks associated with the plan, including potential market price fluctuations and changes in company operations, which may affect the successful implementation of the repurchase.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a prominent player in the mining industry, primarily engaged in the exploration and development of gold, copper, and other mineral resources. The company focuses on expanding its market presence by leveraging its mining expertise and operational capabilities.
YTD Price Performance: 11.11%
Average Trading Volume: 76,026
Technical Sentiment Signal: Sell
Current Market Cap: $61.16B
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