China Daye Revises Annual Cap for CNMC Transaction Amid Increased Orders

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

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