Welcome to our dedicated page for China Natural Resources news (Ticker: CHNR), a resource for investors and traders seeking the latest updates and insights on China Natural Resources stock.
China Natural Resources, Inc. operates as a British Virgin Islands holding company focused on exploration and mining. The company, through operating subsidiaries in the PRC, is engaged in the acquisition and exploitation of mining rights in Inner Mongolia, including exploration for lead, silver and other nonferrous metals at the Wulatehouqi Moruogu Tong Mine.
CHNR news commonly covers operating and financial results, exploration spending, mine-rights activity, capital-structure actions, shareholder matters, Nasdaq listing compliance, and governance updates. Company communications also address its review of opportunities in natural resources, healthcare, and other non-natural-resource sectors.
China Natural Resources, Inc. (NASDAQ: CHNR) announced its intention to explore investments in the healthcare sector in the People's Republic of China. This strategic move aims to capitalize on the growing healthcare market driven by factors such as an aging population and rising health awareness. The company plans to enhance its team with experienced personnel in mergers and acquisitions to navigate this new sector. Management believes these efforts could increase revenues and provide greater shareholder value in the long-term.
CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR) reported unaudited interim financial results for the six months ending June 30, 2020. Revenue increased significantly to CNY 6,867,000 from CNY 1,403,000 in the same period last year. The company's loss before income tax reached CNY 3,845,000, with an income tax benefit of CNY 6,586,000 resulting in a profit for the period of CNY 2,741,000. Additionally, the firm regained compliance with Nasdaq Listing Rules in September 2020, ensuring continued access to capital markets amid disruptions caused by COVID-19.
On September 2, 2020, China Natural Resources, Inc. (NASDAQ: CHNR) announced it regained compliance with Nasdaq's minimum market value requirement, having exceeded the $35 million threshold. This notification followed a March 24, 2020, letter from Nasdaq regarding its non-compliance. The Company’s Chairman expressed satisfaction over this achievement, highlighting its importance for maintaining access to capital markets and ensuring liquidity for shareholders. The Company is involved in mining rights acquisition and copper trading in the People's Republic of China.
China Natural Resources, Inc. (NASDAQ: CHNR) announced a Sale and Purchase Agreement with Feishang Group Limited, acquiring 120 million shares of Feishang Anthracite Resources Limited (HK: 1738) by issuing 9,077,166 shares of its common stock. The transaction, valued at HK$87.5 million, is expected to enhance the company's compliance with Nasdaq listing requirements, improving shareholders' equity from a deficiency of $3.96 million to an increase of $15.5 million. The company aims for continued access to capital markets and to explore future opportunities.