JCHX Mining launches convertible bonds on Shanghai Stock Exchange

JCHX Mining Management Co., Ltd. announced the listing of its convertible corporate bonds on the Shanghai Stock Exchange on October 27, 2025. The bonds, with a total issuance volume of 2 billion yuan, have a face value of 100 yuan per bond and a six-year term, maturing on September 25, 2031. The initial conversion price is set at 63.46 yuan per share.

Existing shareholders subscribed to 1.47 bn yuan, representing 73.62% of the total. Public investors subscribed to 515.52m yuan, accounting for 25.78%. The remaining 12.12m yuan, or 0.61%, was underwritten by the lead underwriters. The net proceeds of approximately 1.98 bn yuan will be directed towards projects such as the Lubambe Copper Mine beneficiation and renovation in Zambia, mining and infrastructure equipment purchases, domestic and international mining engineering projects, and intelligent equipment R&D.

The bonds will bear interest at annual rates of 0.10% for the first year, increasing progressively to 2.00% in the sixth year. The company's main underwriter is China Galaxy Securities Co., Ltd., with CITIC Securities Company Limited acting as co-underwriter.