Changes in Hong Kong stocks | Jiaxin International Resources (03858) rose more than 6% in the morning and signed a procurement agreement with CCECC Kazakhstan Branch for such mining services

The Zhitong Finance App learned that Jiaxin International Resources (03858) rose more than 6% in the morning. As of press release, it had risen 4.9% to HK$54.55, with a turnover of HK$42,242,700.

According to the news, Jiaxin International Resources announced that on January 6, 2026, the subsidiary ZV (an indirect non-wholly-owned subsidiary of the Company) signed a procurement agreement for such mining services with CCECC Kazakhstan Branch through a public tender. The subsidiary company ZV will purchase mining and mining work in open pit mining from CCECC Kazakhstan Branch during the production phase of the Bakuta tungsten ore project. The total contract price is 14.9 billion tenge (tax included) (equivalent to about HK$227 million).

Furthermore, the Group has a long-term and stable business relationship with CCECC and its subsidiaries. Therefore, CCECC and its subsidiaries are familiar with the mining process and needs, quality standards and requirements during the production phase of the Bakuta tungsten ore project, and can continue to provide mining services. The directors believe that maintaining a stable and high-quality business relationship with CCECC and its subsidiaries will help the production phase of the Bakuta tungsten project.