Jiangxi Copper Unit Renews RMB 2.9 Billion Mutual Guarantee Deal With Fuye Group
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Jiangxi Copper's subsidiary, Heding Copper, has renewed a mutual guarantee agreement with Fuye Group, maintaining a guarantee balance of RMB 2.9 billion for bank loans starting January 1, 2026. This agreement is considered a continuing connected transaction under Hong Kong listing rules and aims to reduce financing costs and support operational needs. The arrangement will undergo annual review but does not require independent advice or shareholder approval. The current analyst rating for Jiangxi Copper (HK:0358) is a Hold with a price target of HK$45.00.
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