JINCHUAN INTL (02362.HK) will hold a Board of Directors meeting on March 26 to approve the annual performance.

On March 14, Gelonghui reported that JINCHUAN INTL (02362.HK) announced a Board of Directors meeting to be held on March 26, 2025, to approve the announcement of the annual performance for the year ending December 31, 2024, and to consider the proposal for the distribution of a final dividend, if any.

Gelonghui FinanceMar 14 05:40 ET

JINCHUAN INTL: DATE OF BOARD MEETING

HKEXMar 14 05:37 ET · Announcements

Jinchuan Group, Substantial Shareholder Enter Placing, Subscription Contracts

MT NewswiresMar 13 06:12 ET

The strategic game behind JINCHUAN INTL (02362.HK) issuing new shares: seeking breakthroughs in the copper-cobalt price cycle.

On March 13, in the early trading session, a placement announcement from the Hong Kong stock market drew attention. JINCHUAN INTL (02362.HK) announced a placement of 0.63 billion shares at a price of HKD 0.628 per share, a premium of approximately 11.68% over the average closing price of HKD 0.562 in the last 30 trading days, raising about HKD 0.4 billion in total. Following this announcement, the company's stock price opened down over 9%, and at one point during the day, the drop expanded to over 13%. Behind this volatility are market concerns about short-term discounted placements and investors' long-term games regarding the copper and cobalt price cycle and the company's Global Strategy layout. Market reaction: a collision between short-term pressure and long-term expectations.

Gelonghui FinanceMar 13 05:32 ET

[Brokerage Focus] CITIC SEC pointed out that the rise in cobalt prices drives the increase in cobalt pricing coefficients, and cobalt companies are expected to benefit from double profit gains.

Jingu Financial News | CITIC SEC stated that the government of the Democratic Republic of the Congo announced on February 24 the decision to suspend cobalt exports for four months. In 2024, the country's cobalt production will account for 76% of Global total output. If this policy is strictly enforced in 2025, it is estimated that this move could affect the cobalt supply by 0.067 million tons, potentially leading to a shortage in Global cobalt supply in 2025 and driving cobalt prices to continue rising. Cobalt companies' product prices are related to cobalt pricing coefficients, so the rise in cobalt prices will drive up the cobalt pricing coefficients, resulting in a double benefit for enterprises due to the rising cobalt prices. The profit elasticity of cobalt companies is expected to exceed market expectations. In addition, due to the main production area being the Democratic Republic of the Congo and the main...

Gold Guard Financial NewsMar 12 20:50 ET

JINCHUAN INTL (02362.HK) plans to raise nearly 0.4 billion Hong Kong dollars through a combination of old and new shares to support the development of the Musonoi project.

On March 13, Gelonghui reported that JINCHUAN INTL (02362.HK) announced that on March 13, 2025 (before the trading session), the company, the seller (namely Jinchuan (BVI) Limited, the company's major shareholder), and the exclusive placing agent (namely China International Capital Corporation) entered into a placing and subscription agreement, according to which, (a) the seller agrees to appoint the exclusive placing agent, and the exclusive placing agent agrees to act as the seller's agent to use best efforts to facilitate buyers to purchase the placing shares at a placement price of HKD 0.628 per share (a total of 0.63 billion existing shares); and (b) the seller conditionally agrees to subscribe, and the company conditionally agrees according to the terms.

Gelonghui FinanceMar 12 18:50 ET