IN BRIEF: Griffin Mining receives USD15.2 million from Chinese arm

Wed, 24th Aug 2022 12:23

Griffin Mining Ltd - mine operator focused on China - Receives USD15.2 million worth of dividends from its operating Chinese subsidiary Hebei Hua Ao Mining Industry Co Ltd. Adds that the funds were received in the normal course of business.

"The company hopes this allays the fears expressed by potential investors concerning the repatriation of funds from China, particularly in light of the recent political and economic commentary generated by this region," Griffin Mining says.

Current stock price: 84.80 pence, up 3.4% on Wednesday

12-month change: down 8.0%

By Sophie Rose; sophierose@alliancenews.com

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