Zhong Guo Jing Ji Wang·2025-07-22 03:35Core Viewpoint - The Shanghai Stock Exchange has approved the refinancing plan of Jincheng Mining Management Co., Ltd. (金诚信), confirming that it meets the issuance, listing, and information disclosure requirements [1] Group 1: Issuance Details - Jincheng plans to issue convertible bonds with a total fundraising amount not exceeding 200 million RMB, which will be used for various projects including the Zambia Lubanbi Copper Mine [3][4] - The convertible bonds will have a face value of 100 RMB each and a term of six years from the date of issuance [3][5] - The bonds will be convertible into A-shares of the company, with the conversion period starting six months after issuance [6] Group 2: Project Investments - The total investment for the Zambia Lubanbi Copper Mine project is approximately 80.12 million RMB, with 80 million RMB expected to be funded from the bond issuance [4] - Other projects include mining operation and infrastructure equipment purchases, domestic and international mining engineering projects, and research on underground green unmanned intelligent equipment [3][4] Group 3: Credit Rating and Underwriting - The credit rating for Jincheng's bonds has been assessed as AA by a credit rating agency [7] - The underwriting for this issuance is handled by China Galaxy Securities Co., Ltd. [8]