SHANGHAI, Dec. 7 (SMM) - Jinchuan Group International Resources Co. Ltd entered into a Strategic Framework Agreement with Junhe Holdings Limited, news reported on Dec. 6.
According to the Agreement, Junhe Holdings will make equity investment in the Company by either subscribing for new shares of the Company or by acquiring existing shares of the Company, and establish several Joint Ventures in Shanghai with Junhe Holdings for different businesses, including a trading joint venture for trading commodities including non-ferrous metals, precious metals and chemical raw materials, a factoring joint venture and a financial leasing joint venture.
Mr. Chen Dexin, Executive Director and CEO of Jinchuan International said, "The cooperation with Junhe Holdings will leverage competitive advantages of both parties, realizing organic integration of brands, channels, resources, capital and talents and achieving strategic and synergetic effect as a whole.
Jinchuan International is a Hong Kong listed company established by the Jinchuan Group Co., Ltd for the purposes of accelerating the establishment of the mining group's multinational operational strategy and elevating Jinchuan Group's global investing, financing and operating capabilities.
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