JX Luxventure Converts $1.47 Million Debt into Equity
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JX Luxventure Group Inc. has converted $1.47 million of unsecured loans into 300,000 common stock shares through a debt exchange agreement with CEO and interim CFO Sun Lei. This move, approved by the board and major shareholders, aims to improve the company's financial position by reducing its $2.5 million debt. The latest analyst rating for JXG stock is a Hold with a $2.50 price target, while technical analysis suggests a Strong Sell signal. JX Luxventure is based in Haikou City, China, and focuses on distinct products and services.
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