China Natural Resources announced that the board of directors of the company has approved a five-to-one share combination of issued and outstanding common shares, without par value, of the company. No shareholders’ approval of the share combination is required pursuant to BVI law. The share combination is expected to be effective at the market opening on April 3, at which time the company’s common shares will begin trading on the Nasdaq Capital Market on a combination-adjusted basis. The company’s common shares will continue to trade under the symbol "CHNR" but with a new CUSIP number, G2110U117.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CHNR: