Lei Jianping on February 6
Jiaxin International Resources Investment *** referred to as "Jiaxin International") recently submitted a prospectus to be listed on the Hong Kong Stock Exchange.
Jiaxin International, a tungsten mining company based in Kazakhstan, has been focusing on the development of our Bakuta tungsten mine (Bakuta tungsten project), and during the track record period, Jiaxin International was mainly focused on preparing for the commercial production of the Bakuta tungsten project.
Jiaxin International expects the project to start trial production in the third quarter of 2024 to test and fine-tune the processing process, with the goal of mining and mineral processing of 1 million tons of tungsten ore in 2024.
Jiaxin International expects to commence commercial production in the first quarter of 2025, with the goal of mining and mineral processing 3.3 million tons of tungsten ore in 2025.
Jiaxin International expects to commence the second phase of commercial production of the Bakuta tungsten mine project in the first quarter of 2027.
According to the prospectus, Jiaxin International's administrative expenses in 2021 and 2022 will be HK $33.67 million and HK $41.06 million respectively; Other earnings were 548HK$50,000, -HK$34.03 million.
Jiaxin International's operating losses in 2021 and 2022 will be HK $28.18 million and HK $75.09 million respectively; The losses during the period were HK $26.12 million and HK $94.45 million respectively.
Jiaxin International's administrative expenses in the first nine months of 2023 were HK$52.06 million, compared with HK$27.96 million in the same period last year; Other losses were HK$32.86 million, compared to other losses of HK$9.98 million in the same period last year.
Jiaxin International's operating loss in the first nine months of 2023 was HK $84.92 million, compared with an operating loss of HK $37.94 million in the same period last year; The loss for the period was HK$87.69 million, compared with a loss of HK$43.56 million in the same period last year.
As of September 30, 2023, Jiaxin International's cash and cash equivalents were 1HK$6.6 billion.
The chairman of the board of directors and executive director of Jiaxin International is Liu Liqiang, and the executive directors are Wang Zhongwei and Qiu Huaizhi; The non-executive directors are Ms. Cha Kebing and Ms. Lian Jie; The independent non-executive directors are Zhu Guoshan, Wang Jianfeng and Huang Xuebin.
Before the IPO, Hengzhao (Hong Kong) held 4335%, Jiangxi Copper Hong Kong holds 4165%, China Railway Jianguo Investment holds 10% of the shares, and China Turkey Hong Kong holds 5% of the shares.
Lei Di was founded by ** Lei Jianping, if ** please in**.