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Minmetals Development announced that due to planning a major asset restructuring, trading of the company's shares was suspended from December 30, 2025, and the transaction plan was disclosed on January 15, 2026. It plans to purchase 100% of the shares of Minmetals Mining Holdings and 100% of Luzhong Mining's shares, lay out the original business assets and raise supporting capital. After the transaction, the main business will change to the development and utilization of ferrous metal minerals, and will no longer engage in the original trading business. From listing to the date the inspection opinion was issued, the company and related undertakers had no broken promises, and there were no unfulfilled promises other than those that were currently being fulfilled. The company's operating regulations have been standardized for the past three years. There are no issues such as illegal use of funds, illegal external guarantees, etc., and the relevant entities have not been subject to administrative or criminal penalties.
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Minmetals Development announced that due to planning a major asset restructuring, trading of the company's shares was suspended from December 30, 2025, and the transaction plan was disclosed on January 15, 2026. It plans to purchase 100% of the shares of Minmetals Mining Holdings and 100% of Luzhong Mining's shares, lay out the original business assets and raise supporting capital. After the transaction, the main business will change to the development and utilization of ferrous metal minerals, and will no longer engage in the original trading business. From listing to the date the inspection opinion was issued, the company and related undertakers had no broken promises, and there were no unfulfilled promises other than those that were currently being fulfilled. The company's operating regulations have been standardized for the past three years. There are no issues such as illegal use of funds, illegal external guarantees, etc., and the relevant entities have not been subject to administrative or criminal penalties.
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