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China Natural Resources Soars 44.64% on Reverse Stock Split
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Jun 11, 2025 5:22 am ET1min read
On June 11, 2025,
surged 44.64% in pre-market trading, marking a significant rise in its stock price.China Natural Resources has announced an 8:1 reverse stock split, effective June 13, 2025. This corporate action, also known as a "share combination," consolidates eight shares into one, aiming to increase the stock's price and potentially attract more institutional investors.
The company's decision to implement this share combination follows its acquisition of Williams Minerals, which operates a lithium mine in Zimbabwe. This acquisition, agreed upon in 2023, is valued at a maximum consideration of US$1.75 billion, highlighting China Natural Resources' strategic move to expand its presence in the lithium market.
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