China Daye Considers Disposal of Subsidiary to Optimize State-Owned Economy

An update from China Daye Non-Ferrous Metals Mining Limited ( (HK:0661) ) is now available.

China Daye Non-Ferrous Metals Mining Limited announced a possible disposal of its subsidiary, Daye Nonferrous Design and Research Institute Co., Ltd., to CNMC No. 15 Metallurgical, a subsidiary of China Nonferrous Metal Mining Group. This move aligns with the state’s strategy to optimize and adjust the structure of the state-owned economy. The transaction is still in negotiation, with no definitive agreement reached yet, and it is subject to regulatory and corporate approvals. If finalized, it would be a discloseable and connected transaction under Hong Kong’s listing rules, impacting the company’s operations and stakeholder interests.

More about China Daye Non-Ferrous Metals Mining Limited

China Daye Non-Ferrous Metals Mining Limited operates in the non-ferrous metals industry, focusing on the mining and processing of non-ferrous metals. The company is part of a larger group that includes subsidiaries involved in various aspects of metal production and research, with a significant market focus on optimizing state-owned economic structures.

Average Trading Volume: 15,763,461

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.06B

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