Xinhai Mining Services $2.53m Strategic Placement
| Stock | SSH Group Ltd (SSH.ASX) |
|---|---|
| Release Time | 22 Oct 2025, 9:19 a.m. |
| Price Sensitive | Yes |
SSH Group Ltd Receives $2.53m Strategic Investment from Xinhai Mining Services
- SSH Group Ltd (ASX: SSH) receives $2.53m strategic investment from Hong Kong Xinhai Mining Services
- Xinhai is a global mining services provider with work in over 2,000 mines across 100+ countries
- Partnership unites SSH's 'Hire | Mine | Own' model with Xinhai's EPC+M+O capabilities
SSH Group Ltd (ASX: SSH) has entered into a transformational strategic investment with Hong Kong Xinhai Mining Services Limited and its Australian arm Australia Xinhai Mining Services Pty Ltd ('Xinhai'). Xinhai is a global service provider to the mining sector with work performed at more than 2,000 mines across more than 100 countries. Xinhai has provided a firm commitment to invest $2,533,200 via the issue of 16,888,000 fully paid ordinary shares representing 15.5% of SSH's post-transaction capital. Xinhai will also appoint a representative to the SSH Board of Directors upon settlement of the placement. This strategic partnership unites SSH's 'Hire | Mine | Own' operating model with Xinhai's world-leading EPC+M+O (Engineering, Procurement, Construction, Management and Operation) capabilities. The significant financial backing of Xinhai allows SSH to aggressively pursue its advanced precious and base metals ownership strategy and further expands the technical capacity to drive SSH's next phase of growth. The placement strengthens SSH's balance sheet and provides growth capital to accelerate operations across its SSH Mining and KMH divisions, advance current project opportunities and support working capital requirements.
The partnership with Xinhai marks the next evolution of SSH Group, allowing the company to aggressively scale and pursue its growth targets. Together, SSH and Xinhai will deliver advanced mining and processing solutions that set new benchmarks for safety, efficiency and sustainability.