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Express News | Jchx Mining Management: Subsidiary signed a five-year contract for a mining project worth 0.993 billion US dollars.
JCHX MINING MANAGEMENT(603979):ACQUISITION OF OVERSEAS MINING SERVICE BUSINESS PLATFORM TO START INTERNATIONAL EXPANSION OF MINING SERVICES
Research Reports mining: CICC maintains Jchx Mining Management "outperform Industry" rating, Target Price 57 yuan.
Gelonghui, December 12 | A research report from China International Capital Corporation indicates that Jchx Mining Management (603979.SH) and Terra Mining in Australia, along with its shareholder DAI RUI, have signed a "Equity Cooperation Agreement" to purchase 51% equity in Terra Mining for 1 Australian Dollar. The transaction price for Terra Mining is low, and Jchx Mining Management will bear the bad debt loss from its receivables. Terra Mining and Jchx Mining Management's mining service business complement each other's advantages and are expected to become a platform for Jchx Mining Management to move towards internationalization. Overall, Jchx Mining Management is seen as part of the integrated mining operations.
Jchx Mining Management (603979): Acquired an overseas mining service business platform to initiate international expansion in mining services.
Company recent updates: According to the announcement on the evening of December 10, the company signed an "Equity Cooperation Agreement" with Australia's Terra Mining and its shareholder Dai Rui, intending to purchase Australia Terra for 1 Australian Dollar.
JCHX Mining to Acquire 51% Stake in Australian Mining Firm; Shares Up 3%
Express News | Today, a total of 105 stocks in the A-share market had block trades, with Jchx Mining Management, Shenzhen Inovance Technology, and CETC Chips Technology Inc. having the highest transaction volumes.
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