JINXUN RESOURCE (03636) Plans Total Capital Injection of $44 Million into Overseas Subsidiaries

Stock News
02/10

JINXUN RESOURCE (03636) has announced that its parent company, Yunnan Jinxun Resources Co., Ltd., intends to inject $30 million of its own funds into its wholly-owned subsidiary, Jinxun Singapore International Trade Pte. Ltd. This capital increase is part of the company's strategic development plan. Following the injection, the parent company's shareholding percentage will remain unchanged. Jinxun Singapore International Trade Pte. Ltd. is incorporated in Singapore with a registered capital of SGD 2 million. Its business scope encompasses general wholesale trade, including activities as a general importer and exporter. In 2024, the subsidiary reported approximately 1.473 billion yuan in operating revenue and a net profit of about 53.4201 million yuan.

Separately, Yunnan Jinxun Resources Co., Ltd. also plans to inject $14 million of its own funds into its subsidiary, Rong Xing Investments Limited, based on strategic requirements. The parent company's ownership stake will be maintained after this capital increase. Rong Xing Investments Limited is registered in Zambia. Its principal business activities include construction engineering, machinery, civil electrical manufacturing, exploration, mining and related operations, import/export, and general trade. Its other business involves mineral processing. In 2024, this subsidiary achieved an operating revenue of 253 million yuan and a net profit of 8.4053 million yuan.

These capital injections are intended to support the subsidiaries' business expansion and operational development needs, aligning with the company's overall strategic direction and actual operating conditions.

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