Shenglong Mining Raises 2026 Related-Party Deal Estimate to 472 Million Yuan; Shares Fall 6%

MT Newswires Live
3 hours ago

Luoyang Shenglong Mining (SHE:001257) raised its 2026 daily related-party transaction estimate to 472.1 million yuan from 428.6 million yuan, according to a Friday filing with the Shenzhen bourse.

The adjustment covers expanded molybdenum iron and oxide processing with Duohua Molybdenum, additional transportation fees, and new molybdenum concentrate sales.

Shares of the molybdenum miner were down 6% in recent trade.

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