China Mining International Ltd. Announces Cost-Reduction Strategy
China Mining International Ltd. has announced a cost-reduction strategy aimed at saving approximately RMB 200,000 annually starting in the first half of 2025. This initiative involves intra-group share transfers and the disposal of offshore companies, which will not affect operational efficiency. The company, incorporated in the Cayman Islands, operates in the mining sector and is also involved in real estate development and agricultural science.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from China Mining International Ltd. ( (SG:BHD) ) is now available.
China Mining International Ltd. has announced a strategic initiative to reduce operational costs and administrative burdens by conducting intra-group share transfers and disposing of offshore companies. This restructuring is expected to save the company approximately RMB 200,000 annually starting from the first half of 2025, without impacting operational efficiency. The intra-group share transfers involve subsidiaries and associated companies, but do not change the effective interests in these entities.
More about China Mining International Ltd.
China Mining International Ltd. is a company incorporated in the Cayman Islands, focusing on the mining industry. It operates through its subsidiaries and associated companies, engaging in activities related to real estate development, construction engineering, and agricultural science and technology.
Average Trading Volume: 2,459,572
Technical Sentiment Signal: Sell
Current Market Cap: S$13.87M
Find detailed analytics on BHD stock on TipRanks’ Stock Analysis page.
Trending Articles:
- “Aggressive” Protections Against Password Sharing Hit Warner Bros. Discovery (NASDAQ:WBD), Shares Slide
- “No Talks are Scheduled”: Boeing Stock (NYSE:BA) Slides as It Takes a Hard Line on Negotiations
- “Artless Bullying”: Intel Stock (NASDAQ:INTC) Surges as Lip-Bu Tan Heads for Washington
Disclaimer & DisclosureReport an Issue
