XINXIN MINING (03833.HK): Controlling Shareholder Xinjiang Nonferrous Proposes Strategic Restructuring with Xinjiang Geological & Mineral Investment Group
NewTimeSpace News: XINXIN MINING (03833.HK) announced that it has received notification from its controlling shareholder Xinjiang Nonferrous Metal Industry (Group) Co., Ltd. regarding the proposed strategic restructuring between Xinjiang Nonferrous and Xinjiang Geological and Mineral Investment (Group) Co., Ltd. Up to now, the matter does not constitute a significant asset restructuring of the Company, will not trigger any change of controlling shareholder or ultimate controller, and will not materially disrupt the Company’s normal production and operation. The restructuring is subject to approval by competent authorities with uncertainties during implementation.
NewTimeSpace News: On 10 July 2026, XINXIN MINING (03833.HK) issued an inside information announcement. The Company received a notice from its controlling shareholder, Xinjiang Nonferrous Metal Industry (Group) Co., Ltd., informing that Xinjiang Nonferrous intends to carry out strategic restructuring with Xinjiang Geological and Mineral Investment (Group) Co., Ltd. Both Xinjiang Nonferrous and Xinjiang Geological & Mineral Investment are ultimately controlled by the State-owned Assets Supervision and Administration Commission of the People’s Government of Xinjiang Uygur Autonomous Region.
As at the date of this announcement, the above proposed transaction does not involve significant asset restructuring of the Company, nor will it lead to any change in the Company’s controlling shareholder or ultimate controller. It is not expected to exert material adverse impact on the Company’s daily production and operation, which remain operating normally. The proposed strategic restructuring is still pending formal approval from higher-level competent authorities and is subject to uncertainties in the implementation process.
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