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<Research>Citi: Mkt Concerns Over Chen Jinghe's Retirement from ZIJIN MINING (02899.HK) Misplaced
Recommend 11 Positive 19 Negative 11 |
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Citi Research published a research report saying that it attended the EGM of ZIJIN MINING (02899.HK) held in Shanghang County, Fujian, on 31 December 2025. Founder and Chairman, Chen Jinghe, has officially retired. Despite the announcement of his decision to retire, and although he will continue to serve as a senior council and honorable chairman of the Company, some investors seem concerned and have taken profit. Citi Research believed that these concerns are misplaced. The broker believed that the key reason is Chen's view that now is the right time to handover the control to the management team as it is a necessary step to transform ZIJIN MINING from 'founder-driven' to 'mechanism-driven' SOE. Citi Research kept ZIJIN MINING as one of its sector top pick, along with CHALCO (02600.HK), CHINAHONGQIAO (01378.HK) and CATL (03750.HK). The broker rated ZIJIN MINING at Buy, with a target price of $39. AASTOCKS Financial News Website: www.aastocks.com |
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