Shanjin International Gold Co., Ltd. (000975.SZ) announced plans to invest 1.4 billion yuan of its own funds into its wholly-owned subsidiary, Hainan Shengwei Trading Co., Ltd. ("Hainan Shengwei"). The capital injection, which will be fully recorded as capital surplus without increasing registered capital, aims to enhance Hainan Shengwei's operational capacity and support project development at its overseas subsidiary, Osino Gold Mining and Exploration (Pty) Ltd. The move is expected to reduce Hainan Shengwei's debt-to-asset ratio while improving its financial strength and operational capabilities.
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.
Comments