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China Daye Wins Shareholder Approval for Connected Transaction Frameworks to 2028

Story Highlights
  • China Daye’s independent shareholders approved all connected transaction framework agreements for 2026-2028.
  • The resolutions secure structured supply, services and financial arrangements with key group entities, strengthening operational clarity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Daye Wins Shareholder Approval for Connected Transaction Frameworks to 2028

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The latest update is out from China Daye Non-Ferrous Metals Mining Limited ( (HK:0661) ).

China Daye Non-Ferrous Metals Mining Limited announced that all ordinary resolutions put to shareholders at its special general meeting on 30 January 2026 were approved by poll, with independent shareholders unanimously backing a series of framework agreements governing continuing connected transactions with its parent group, CNMC Group and Yangxin Hongsheng for the three financial years ending 31 December 2028. The approval of these sales, purchase, services and financial services framework agreements, along with their proposed annual caps, formalises the company’s transactional arrangements with key related parties, providing clearer visibility over future supply, services and financial support within the group structure and helping to stabilise its operating framework and governance around connected transactions, although the controlling shareholder abstained from voting in line with listing requirements.

The most recent analyst rating on (HK:0661) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on China Daye Non-Ferrous Metals Mining Limited stock, see the HK:0661 Stock Forecast page.

More about China Daye Non-Ferrous Metals Mining Limited

China Daye Non-Ferrous Metals Mining Limited is a Hong Kong-listed company incorporated in Bermuda, engaged in the non-ferrous metals mining industry and related processing activities, operating within a wider corporate group structure that includes its parent company and affiliated entities such as CNMC Group and Yangxin Hongsheng.

Average Trading Volume: 104,877,216

Technical Sentiment Signal: Buy

Current Market Cap: HK$3.38B

See more insights into 0661 stock on TipRanks’ Stock Analysis page.

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