Changes in Hong Kong stocks | Jinxun Resources (03636) plummeted by more than 20% to hit a new low, and the six-month expiration of the listing period ushered in the lifting of the ban by cornerstone investors

The Zhitong Finance App learned that Jinxun Resources (03636) plummeted by more than 20%, hitting a new low since listing at HK$10.39, which is already down 60% from the offering price of HK$30. As of press release, it decreased by 20.77% to HK$10.64, with a turnover of HK$2.778 million.

According to the news, on July 10, the 6-month listing of Jinxun Resources will expire, and the ban on Cornerstone Investors shares will officially be lifted. According to the data, its eight shareholders have lifted the total number of banned shares of 15.627,200 shares. According to data from the Hong Kong Stock Exchange, on July 2, Jinxun Resources changed positions. The total market value of transferred positions was HK$122 million, accounting for 18.89%. The company's shareholders transferred 7.7822 million shares to Citibank and 7.824 million shares from Huatai Hong Kong.

According to reports, the company is a leading manufacturer of high-quality cathode copper and has strong influence in the Democratic Republic of the Congo (DRC) and Zambia. According to Frost & Sullivan, as of December 31, 2024, the company ranked fifth among mainland cathode copper producers in terms of production in the Democratic Republic of the Congo (DRC) and Zambia, and was the only mainland company in the top five in the two jurisdictions.