Zijin Mining (02899) Plans to Provide Shareholder Loan of 34.61 Million RMB to Songpan Zijin
Stock News
Oct 17
Zijin Mining (02899) announced that to address the funding needs for the development of the Songpan Zijin project, the company intends to provide a shareholder loan of 34.61 million RMB to its affiliated company, Songpan Zijin (in which it holds a 23.8% stake). The loan will have a term of 5 years and an annual interest rate of 5%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.