Receipt Of $30 Million Of Dividends From China
Received $30.3 million in dividends from Chinese subsidiary, bringing external cash to $53.67 million.
- Dividends received from HHA $30.3 million
- Received in 2024 $13.75 million
- Received in July 2025 $16.6 million
- Cash balances outside China $53.67 million
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Receipt of Further $30 million of Dividends from China
28th July 2024
Griffin Mining Ltd ("the "Company" with its subsidiaries "the Group") is pleased to announce that, since the announcement of the 29th November 2023, it has received into the Company's bank accounts outside China, net of 5% Chinese withholding tax, US$30.3 million of further dividends from its operating Chinese subsidiary Hebei Hua Ao Mining Industry Company Limited ("HHA"). This includes US$13.75 million in 2024 and US$16.6 million in July 2025. The funds were received via electronic wire transfer in the normal course of business. The Company's current cash balances held outside China stand at US$53.67 million.
596/2014
The Company's news releases are available on the Company's web site: www.griffinmining.com
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