Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Hanking Holdings Ltd. ( (HK:3788) ) has issued an announcement.
China Hanking Holdings Ltd. announced plans to spin off its gold business, Hanking Gold, for a separate listing on the main board of the Stock Exchange. This move aims to create an independent capital platform for its gold assets in Australia, including the Mt Bundy and Cygnet Gold Projects. Despite stable production and operations in the first half of 2025, the company experienced a slight decline in profits due to lower average selling prices. However, the high-purity iron business returned to profitability, and the Shangma Mine expanded its mining license to include 79.76 million metric tons of new iron ore resources, strengthening the company’s future development in the iron ore sector.
More about China Hanking Holdings Ltd.
China Hanking Holdings Ltd. operates in the mining industry, focusing on the production and sale of iron ore concentrate and high-purity iron. The company also holds gold assets in Australia, aiming to develop a medium-sized gold production enterprise with international influence.
Average Trading Volume: 5,599,859
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.06B
For detailed information about 3788 stock, go to TipRanks’ Stock Analysis page.