Shandong Gold Mining Co., Ltd. has announced plans to convert its controlling subsidiary, Shanjin International, into a joint stock company with the aim of raising and listing shares overseas. The company is set to issue overseas listed shares, known as H shares, through Shanjin International, which will be listed on the Hong Kong Stock Exchange. This strategic move is part of a broader plan to utilize the proceeds from the public offering effectively. The board has also considered resolutions to provide guarantees between wholly-owned subsidiaries of Shanjin International, ensuring a cohesive financial strategy across its subsidiaries. These steps are indicative of Shandong Gold Mining Co., Ltd.'s commitment to expanding its international presence and enhancing its financial strategies.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shandong Gold Mining Co. Ltd. published the original content used to generate this news brief on September 02, 2025, and is solely responsible for the information contained therein.
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