Xinjiang Xinxin Mining's Major Shareholder Announces Strategic Restructuring Plan

Stock News

Jul 12

Xinjiang Xinxin Mining (03833) has issued an announcement stating that the company has received a notification from its controlling shareholder, Xinjiang Nonferrous Metals Industry (Group) Co., Ltd. (Xinjiang Nonferrous).

The notification indicates that Xinjiang Nonferrous intends to proceed with a strategic restructuring with Xinjiang Geology and Minerals Investment (Group) Co., Ltd. (Xinjiang Geology and Minerals).

As of the current date, this matter does not involve any significant asset restructuring for the company itself.

It also does not currently involve any change in the company's controlling shareholder or ultimate controlling party.

Furthermore, the strategic move is not expected to have a significant impact on the company's normal production and operational activities.

The company's production and operations are currently proceeding as usual.

The company will provide timely information disclosures in accordance with relevant regulations as this matter progresses.

Both Xinjiang Nonferrous and Xinjiang Geology and Minerals are enterprises ultimately controlled by the State-owned Assets Supervision and Administration Commission of the People's Government of Xinjiang Uygur Autonomous Region.

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(Xinjiang Nonferrous).<br><br>The notification indicates that Xinjiang Nonferrous intends to proceed with a strategic restructuring with Xinjiang Geology and Minerals Investment (Group) Co., Ltd. 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