XINXIN MINING (03833): Xinjiang Nonferrous intends to carry out strategic restructuring with Xinjiang Geological and Mineral Resources Company.
Xinjiang Xin Xin Mining (03833) announced that the company has received a notice from its controlling shareholder, Xinjiang Nonferrous Metal Industry (Group) Co., Ltd. (Xinjiang Nonferrous), informing that Xinjiang Nonferrous intends to carry out a strategic reorganization with Xinjiang Geological Investment (Group) Co., Ltd. (Xinjiang Geological).
XINXIN MINING (03833) announced that the company has received a notice from its controlling shareholder, Xinjiang Nonferrous Metal Industry (Group) Co., Ltd. (Xinjiang Nonferrous), informing them of Xinjiang Nonferrous' plan to strategically restructure with Xinjiang Geological Investment (Group) Co., Ltd. (Xinjiang Geological).
As of now, the above-mentioned matter does not involve any significant asset restructuring of the company, and does not involve any changes in the controlling shareholder or actual controller of the company. It will also not have a significant impact on the company's normal production and operation activities. The company's production and operation are currently running as normal. The company will disclose information in a timely manner in accordance with relevant regulations as the situation progresses.
Xinjiang Nonferrous and Xinjiang Geological are both enterprises controlled by the State-owned Assets Supervision and Administration Commission of Xinjiang Uygur Autonomous Region.
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