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An announcement from CITIC Resources Holdings ( (HK:1205) ) is now available.
CITIC Resources Holdings Limited announced that the Supreme Court of Kazakhstan has ruled in favor of its subsidiary, KBM, in a tax dispute, relieving it from a disputed tax amount of approximately KZT1.57 billion (US$3.02 million). This final and binding decision means the company will not need to make provisions for the audited tax claims, potentially strengthening its financial position and reassuring stakeholders.
More about CITIC Resources Holdings
CITIC Resources Holdings Limited is a company incorporated in Bermuda with limited liability, primarily involved in the resources and energy sector. It operates through its subsidiaries and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 18.62%
Average Trading Volume: 6,864,297
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.1B
Learn more about 1205 stock on TipRanks’ Stock Analysis page.