China Natural Resources Inc. announced today that it has agreed to sell all outstanding shares of Precise Space-Time Technology Limited to Feishang Group Limited, together with PSTT's outstanding payable owed to the Company, for consideration of approximately RMB95,761,119 in cash . The Base Purchase Price is subject to upward post-closing adjustment based on the difference between net assets of PSTT as included in its [...]
China Natural Resources Inc. today announced its results of operations for the year ended December 31, 2022. For the convenience of the reader, amounts in Chinese Yuan have been translated into United States dollars at the rate of US$1.00 = CNY6.8979 as quoted by www.ofx.com on December 31, 2022, except as otherwise disclosed. Mr. Wong Wah On Edward, Chairman of the Company, commented, "We delivered over 8% annual revenue [...]
China Natural Resources Inc. announced today that the Company has completed its due diligence investigation with satisfactory results, and will proceed with the acquisition of Williams Minerals Ltd by paying a deposit of US$35 million by way of promissory notes to Feishang Group Limited and Top Pacific Limited on or about April 21, 2023, pursuant to the definitive sale and purchase agreement that the Company entered into [...]
China Natural Resources Inc. announced today that the Company has entered into a definitive agreement with Feishang Group Limited and Top Pacific Limited , and Mr. Li Feilie and Mr. Yao Yuguang, to acquire Williams Minerals Ltd , which owns the mining permit for a Zimbabwean lithium mine . Feishang Group Limited owns 70% of Williams Minerals and Top Pacific Limited, a non-affiliate, owns the remaining 30%. Under the Sale [...]
China Natural Resources Inc. today announced its results of operations for the six months ended June 30, 2022. For the convenience of the reader, amounts in Chinese Yuan have been translated into United States dollars at the rate of US$1.00 = CNY6.6995 as quoted by www.ofx.com on June 30, 2022, except as otherwise disclosed. Mr. Wong Wah On Edward, Chairman of the Company, commented, "We are pleased with our increased [...]
China Natural Resources Inc. , announced today that on October 25, 2022, it received notification from the Nasdaq Capital Market confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through April 24, 2023. To regain compliance with Nasdaq's minimum bid price requirement, the closing bid price of the Company's common shares needs to be at least [...]
HONG KONG, May 2, 2022 /PRNewswire/ -- On April 27, 2022, China Natural Resources Inc. received a letter from the Listing Qualifications Department of The Nasdaq Capital Market notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550, because the closing bid price of the Company's common shares was below the minimum of $1.00 per share for [...]
China Natural Resources Inc. announced today that it plans to accelerate its exploration efforts and capital expenditures in 2022 at its Moruogu Tong Mine in Inner Mongolia. Exploration conducted in 2013 revealed geochemical anomalies associated with nickel and gold in the southern part of the mine area but did not indicate any concentration. The 2013 exploration was on a lead deposit in the northern part of the mine [...]
China Natural Resources Inc. announced today that it has secured an extension of its exploration permit for the Moruogu Tong mine in Inner Mongolia. Apart from lead and silver, there is the prospect that further surveying and exploration may indicate the presence of other ores such as copper, which the Company believes could lead to a revaluation of its exploration rights. Given the increased scarcity of valuable [...]
China Natural Resources Inc. announced today that it has agreed to acquire Precise Space-Time Technology Limited for consideration of approximately 104.1 million Chinese Yuan, which is a 20% discount to the value of Precise Space-Time Technology as determined by an independent valuation firm. The consideration will be comprised of 120 million shares of Feishang Anthracite Resources Limited held by the Company ; three [...]
China Natural Resources Inc. today announced its results of operations for the year ended December 31, 2020. For the convenience of the reader, amounts in Chinese Yuan have been translated into United States dollars at the rate of US$1.00 = CNY6.5306 as quoted by www.ofx.com on December 31, 2020. Mr. Wong Wah On Edward, the Company's Chairman and Chief Executive Officer, commented on the results: "As with the rest of the [...]
China Natural Resources Inc. announced today the appointment of pharmaceutical industry executive Peng Wenlie as Vice President, effective March 22, 2021. Dr. Peng, who brings more than 20 years of experience working in the industry, will report directly to the Company's Chairman, Mr. Wong Wah On Edward. He will be responsible for evaluating the Company's investment opportunities in the healthcare, biomedicine, and [...]
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