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ZIJIN MINING Plans to Authorize Subsidiary to Conduct Futures & Derivatives Trading Biz
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Under the premise of not affecting the Company's normal operations and effective risk control, ZIJIN MINING (02899.HK) planned to authorize its financial sector subsidiaries to use part of its idle own funds for futures and derivatives trading to obtain certain investment returns, improve capital utilization efficiency and create greater benefits for the Company and its shareholders, with an aim to fully leverage the synergy between the Company's financial sector and its main business, reducing market volatility risks associated with the Company's cross-border investments and industrial chain investments, as announced by ZIJIN MINING. The Company authorized its financial sector subsidiaries to use no more than RMB300 million and no more than US$100 million or the equivalent in foreign currency margin trading, premiums and other futures and derivatives businesses, with a maximum loss limit of RMB50 million and US$5 million or equivalent foreign currency. AASTOCKS Financial News Website: www.aastocks.com |
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