China Natural Resources shares are trading higher after the company announced Friday that it agreed to sell all outstanding shares of Precise Space-Time Technology to Feishang Group for consideration of approximately $13.2 million.
Portfolio Pulse from Benzinga Newsdesk
China Natural Resources (CHNR) has agreed to sell all outstanding shares of Precise Space-Time Technology to Feishang Group for approximately $13.2 million. This has led to a rise in CHNR's stock price.
July 31, 2023 | 3:23 pm
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China Natural Resources' decision to sell Precise Space-Time Technology to Feishang Group for $13.2 million has led to a rise in its stock price.
The sale of Precise Space-Time Technology to Feishang Group for $13.2 million is a significant transaction for China Natural Resources. This has led to increased investor confidence, reflected in the rise in CHNR's stock price.
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