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China Daye Revises Annual Cap for CNMC Services

Story Highlights
  • China Daye revises its annual cap for CNMC transactions to RMB 34,500,000.
  • The revision reflects decreased service demand, enhancing technical utilization and revenue diversification.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Daye Revises Annual Cap for CNMC Services

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China Daye Non-Ferrous Metals Mining Limited ( (HK:0661) ) has provided an announcement.

China Daye Non-Ferrous Metals Mining Limited has revised its annual cap for transactions under the CNMC Services Framework Agreement, reducing it from RMB 36,390,000 to RMB 34,500,000 for the year ending December 31, 2025. This adjustment reflects a decrease in the expected volume of services required, allowing the company to better utilize its technical expertise and diversify its revenue base. The decision is deemed fair and in the best interest of the company and its shareholders.

More about China Daye Non-Ferrous Metals Mining Limited

China Daye Non-Ferrous Metals Mining Limited operates in the mining industry, focusing on the extraction and processing of non-ferrous metals. The company provides a range of services including engineering design, surveying, environment monitoring, equipment inspection, and mineral product testing.

YTD Price Performance: -16.00%

Average Trading Volume: 5,370,461

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$859M

Find detailed analytics on 0661 stock on TipRanks’ Stock Analysis page.

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