South Manganese Investment Ltd. Announces Debt Reduction Proposal to Improve Financial Stability

Reuters
06-04
South Manganese Investment Ltd. Announces Debt Reduction Proposal to Improve Financial Stability

South Manganese Investment Ltd. has announced a debt reduction proposal approved at a board meeting on June 4, 2025. The company plans to present the proposal for shareholder approval at a Special General Meeting $(SGM.AU)$. The initiative aims to enhance the company's credit rating, reduce finance costs, improve cash flows, and strengthen its capital structure. The proposal involves utilizing the group's available free cash flows to repay borrowings and optimize asset management, targeting a reduction of RMB300 million to RMB500 million in indebtedness annually. The goal is to lower the gearing ratio to 50% or below within the next five years while maintaining normal operations. A circular and notice of the SGM are expected to be dispatched to shareholders by June 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Manganese Investment Ltd. published the original content used to generate this news brief on June 04, 2025, and is solely responsible for the information contained therein.

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