CGN Mining Co’s Controlling Shareholder Reduces Stake

CGN Mining Co ( (HK:1164) ) has shared an announcement.

CGN Mining Company Limited announced a reduction in the long position of its controlling shareholder, CGNPC, from 57.01% to 56.43% following the disposal of shares by CGN Investment HK. Despite this reduction, CGNPC maintains confidence in the company and its subsidiary, China Uranium Development, which has retained its shares since 2011. The disposals were part of CGN Investment HK’s investment strategy, and none of the shares were acquired by connected persons of the company.

The most recent analyst rating on (HK:1164) stock is a Buy with a HK$2.36 price target. To see the full list of analyst forecasts on CGN Mining Co stock, see the HK:1164 Stock Forecast page.

More about CGN Mining Co

CGN Mining Company Limited, incorporated in the Cayman Islands, operates within the mining industry, focusing primarily on uranium development. The company is a subsidiary of China General Nuclear Power Corporation and is involved in the holding and management of securities for investment purposes.

Average Trading Volume: 61,053,391

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$13.07B

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