4 stories mentioning HKG:3858Updated 20d ago
Every FINWIRES story that references HKG:3858, newest first.
Jiaxin International Resources Investment (HKG:3858) plans to spend up to HK$200 million on a share repurchase program, according to a Monday Hong Kong bourse filing.The program will run from July 1 to Dec. 31, with repurchases to be conducted through on-market transactions on the Hong Kong Stock Exchange.Shares of the company jumped over 7% in recent trade.
Jiaxin International Resources Investment (HKG:3858) expects net attributable profit of HK$1.45 billion to HK$1.55 billion for the first half, compared with a net loss of HK$6 million a year earlier, according to a July 10 Hong Kong bourse filing.The company attributed the expected turnaround mainly to commercial extraction and production of tungsten concentrates during the period.
Brainhole Technology (HKG:2203) sold shares in two Nasdaq-listed firms, according to a Wednesday filing with the Hong Kong bourse.The semiconductor manufacturer sold 4,210 Marvell shares for HK$9.3 million and 6,300 Applied Optoelectronics shares for HK$7.7 million.Furthermore, the firm purchased an additional 158,400 Jiaxin International Resources Investment (HKG:3858) shares for HK$11 million for investment purposes.
Jiaxin International Resources Investment (HKG:3858) entered into a non-binding memorandum of cooperation with Pangaea Mining Limited Partnership Fund regarding a potential acquisition, according to a Monday Hong Kong bourse filing.Under the memorandum, the tungsten-mining firm holds a right of first refusal to acquire a special purpose company to be established by Pangaea Mining.Through the cooperation, the parties aim to explore mineral resource development opportunities, mainly in the Republic of Kazakhstan.The focus of the exploration will be on medium- to large-sized porphyry copper-gold deposits; copper, zinc, lead, gold, and silver polymetallic deposits; and tungsten-molybdenum deposits.The scope of the cooperation may be extended to other Central Asian countries and beyond in the future.
