Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
China Daye Non-Ferrous Metals Mining Limited ( (HK:0661) ) just unveiled an update.
China Daye Non-Ferrous Metals Mining Limited announced a revision of its annual cap for a continuing connected transaction with CNMC Group due to a significant one-off order of cathode copper. This revision means the transaction amount will exceed the original cap set for 2025, necessitating compliance with certain reporting and review requirements under Hong Kong’s listing rules, though it remains exempt from independent shareholders’ approval. This adjustment reflects a notable increase in business activity and could potentially enhance the company’s revenue and market positioning.
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 production and supply of metals such as gold, silver, and copper cathodes. The company is involved in the supply of various products including natural gas, residual heat power generation, and other related materials, primarily targeting markets in China and internationally.
Average Trading Volume: 15,652,751
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.13B
For detailed information about 0661 stock, go to TipRanks’ Stock Analysis page.