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Inner Mongolia Xingye Mining plans USD 300m overseas bond issue

May 5, 2025 at 05:13 PM UTCBy FilingReader AI

Inner Mongolia Xingye Mining (SZSE:000426) has announced plans to issue overseas bonds with an aggregate principal amount not exceeding USD 300 million, either directly or through its Hong Kong-based subsidiary, Xingye Gold (Hong Kong) Mining. The decision was approved at the company's tenth board meeting on April 30, 2025, and now awaits shareholder approval. The bonds will have a maturity of no more than three years. The funds will be allocated towards general corporate purposes, including project construction and working capital replenishment. In a separate announcement, the company outlined its plan to acquire Atlantic Tin Ltd via an offshore takeover bid, contingent on successful bond issuance and shareholder support. These strategic moves aims to boost the company's international presence, facilitate overseas market growth, and ensure long-term financial health.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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