JX Energy Seeks Shareholder Approval to Capitalize Debt via New Share Issue
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JX Energy Ltd. has announced a special shareholders’ meeting on 12 February 2026 to seek approval for a loan capitalization arrangement with controlling shareholder Mr. Yongtan Liu. The proposal involves issuing 210 million new common shares at HK$0.30 each to settle a C$3.84 million loan and partially settle C$7.49 million debt to Jixing Energy. This transaction aims to reduce JX Energy’s debt but will dilute existing shareholders. The company is providing a management information circular for informed voting. The current analyst rating for JX Energy stock is Hold with a price target of HK$0.34.
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