CGN Mining Co (HK:1164) has released an update.
CGN Mining Company Limited has announced the termination of a connected transaction regarding a new tenancy agreement, which will not adversely impact the company’s operations or financial health. The decision to end the lease with CGNPC-URC, an indirect controlling shareholder, comes as the subsidiary Beijing Sino-Kazakh plans to sell its property, effective from 1 January 2024. The company has complied with the necessary disclosure requirements under the Listing Rules following the termination.
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