Zhaojin Mining Seeks Mandate to Repurchase Up to 10% of H Shares

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks An update from Zhaojin Mining Industry Co ( (HK:1818) ) is now available. Zhaojin Mining Industry Company Limited has called a Domestic Share class meeting for 1 June 2026 in Shandong Province to seek shareholder approval for a special resolution granting the board a general mandate to repurchase up to 10% of the company’s issued H shares, excluding any treasury shares. The proposed mandate would give the board broad discretion over the timing, pricing, volume, and subsequent treatment of repurchased H shares, including cancelling them to reduce registered capital or retaining them as treasury shares, potentially affecting capital structure, share liquidity, and value for H‑share investors. The authorization would remain effective from its adoption until the next annual general meeting or an earlier revocation or amendment by shareholders, aligning the company’s capital management flexibility with regulatory requirements in the PRC and on the Hong Kong Stock Exchange. By empowering the board to execute repurchases and adjust the use of repurchased shares in response to market conditions and group capital needs, the move could serve as a tool for optimizing balance sheet management and supporting the company’s market positioning in Hong Kong’s equity market. The most recent analyst rating on (HK:1818) stock is a Buy with a HK$55.00 price target. To see the full list of analyst forecasts on Zhaojin Mining Industry Co stock, see the HK:1818 Stock Forecast page. More about Zhaojin Mining Industry Co Zhaojin Mining Industry Company Limited is a joint stock limited company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 1818. The company operates in the mining sector, with its principal activities centered on mineral resource development and related operations in Shandong Province and other regions of China. Average Trading Volume: 17,596,124 Technical Sentiment Signal: Buy Current Market Cap: HK$105.6B