JINXUN RESOURCE Surges Over 5% in Morning Session Following Previous Day's Stock Transfer; Company States Rebranding Aligns with Core Business Development

Deep News
Feb 11

JINXUN RESOURCE (03636) saw its shares rise more than 6% during the trading session. As of the latest update, the stock was up 5.40%, trading at HK$38.62, with a turnover of HK$14.348 million.

According to the latest data from the Hong Kong Stock Exchange, on February 10, a shareholder of JINXUN RESOURCE deposited shares with Huatai Hong Kong, with a deposited market value of HK$208 million, accounting for 13.04% of the company's shares. Based on Frost & Sullivan data cited in the company's prospectus, as of December 31, 2024, JINXUN RESOURCE ranked fifth among Chinese cathode copper producers by production volume in the Democratic Republic of Congo and Zambia, and was the only Chinese company to rank among the top five producers in both jurisdictions.

It is noteworthy that JINXUN RESOURCE announced a change in its stock short name due to business development needs and in line with the company's future strategic goals. The company's stock short name has been changed from "JINXUN CO., LTD." to "JINXUN RESOURCE," while the stock code remains unchanged. The revised stock short name is consistent with the company's official name, aligns with the needs of its core business development, and supports the company's daily operations and sustainable growth, with no adverse impact expected.

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