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 [...]
China Natural Resources Inc. today announced that it closed the registered direct offering of approximately $7.3 million of common shares at a price of $1.85 per share on January 22, 2021, as previously announced on January 20, 2021. The Company issued a total of 3,960,000 common shares to the institutional investors participating in the offering. In a concurrent private placement, the Company also issued warrants to the [...]
China Natural Resources Inc. announced today that Zou Yu has been appointed as a Vice President of the Company, such appointment effective as of October 22, 2020. From March 2015 to September 2020, Mr. Zou served as the general manager of the investment management center of Feishang Enterprise Group Company Limited, where he was responsible for mergers and acquisitions in the healthcare sector involving projects [...]
China Natural Resources Inc. , a company based in the People's Republic of China , announced today that it has determined that in addition to its current mining segment, the Company will explore potential investments, among others, in the healthcare sector in the PRC. "We are excited to explore the opportunities presented by the healthcare sector in the PRC, and to diversify our operations as we move into our next phase [...]
China Natural Resources Inc. today released unaudited interim financial information for the six months ended June 30, 2020 as follows. China Natural Resources Inc. 30, 2020 AND 2019 Six Months Ended June 30, 2019 2020 2020 CNY CNY US$ Revenue 1,403 6,867 972 Cost of sales GROSS PROFIT 26 23 3 Administrative expenses OPERATING LOSS Finance costs Interest income 4 9 1 LOSS BEFORE INCOME TAX Income tax benefit — 6,586 932 [...]
China Natural Resources Inc. today announced that on September 2, 2020, it received written notice from the Listing Qualifications department of Nasdaq Regulation that the Company regained compliance with the minimum market value of listed securities requirement set forth in Nasdaq Listing Rule 5550. The Company had previously received a letter from Nasdaq on March 24, 2020 notifying the Company that it was not in [...]
China Natural Resources Inc. today announced that it had entered into a Sale and Purchase Agreement with Feishang Group Limited, pursuant to which the Company issued 9,077,166 shares of the Company's common stock, no par value, to Feishang Group, in exchange for 120,000,000 shares of Feishang Anthracite Resources Limited, a company that is traded on the main board of the Hong Kong Stock Exchange under ticker 1738 , with [...]
+300,00 %
-85,00 %
