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CHNR-News
CHNR-Events
China Natural Resources Plans to Acquire 100% Shares of Feishang Group Subsidiary
China Natural Resources announced that it has signed a non-binding Letter of Intent with Feishang Group Limited, its principal shareholder, to acquire 100% shares of a wholly owned subsidiary of Feishang that will own, directly or indirectly, 59.79% of the equity interest of HooRii Technology. The Company has established a special committee consisting of all of the independent directors to evaluate the Acquisition. Pursuant to the LOI, the Acquisition's total consideration is estimated to range between $37M-$40M through a combination of cash and stock issuance. The Acquisition is subject to the negotiation and execution of definitive documentation, completion of due diligence, receipt of regulatory approvals, and necessary corporate approval, alongside other customary closing conditions.
Cheer Holding Inc Trading Halted Pending News
China Natural Resources to implement combination of common shares
China Natural Resources announced that it will implement the combination of issued and outstanding common shares, without par value, of the Company. The Company's common shares will begin trading on a post-Combination basis at market open on June 13. Upon the effectiveness of the share combination, every eight issued and outstanding common shares will automatically be converted into one issued and outstanding common share. The Company's common shares will continue to trade under the symbol "CHNR" but with a new CUSIP number, G2110U125.
China Natural Resources approves eight-to-one share combination
China Natural Resources, a British Virgin Islands company, announced that the board of directors of the Company has approved an eight-to-one share combination of issued and outstanding common shares, without par value, of the Company. No shareholders' approval of the share combination is required pursuant to BVI law. The share combination is expected to be effective at the market opening on June 12, 2025, at which time the Company's common shares will begin trading on the Nasdaq Capital Market on a combination-adjusted basis. The Company's common shares will continue to trade under the symbol "CHNR" but with a new CUSIP number, G2110U125. Upon the effectiveness of the share combination, every eight issued and outstanding common shares will automatically be converted into one issued and outstanding common share. The share combination is intended to increase the per share trading price of the Company's common shares to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market.
China Natural Resources granted extension to regain compliance with Nasdaq
China Natural Resources announced that the company has been granted an additional 180-day period from Nasdaq, through June 30, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq.
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