US EditionChina Natural Resources Announces 8-to-1 Share Combination
- China Natural Resources, Inc., a British Virgin Islands company listed on NASDAQ as CHNR, announced an eight-to-one share combination effective June 12, 2025.
- The board approved a share consolidation aimed at raising the price per common share to comply with Nasdaq's $1.00 minimum bid requirement, with no need for shareholder consent under BVI regulations.
- The combination will convert every eight issued common shares into one, with no fractional shares issued and any fractions rounded up, uniformly affecting all shareholders.
- Following the combination, about 1,233,221 common shares will be issued and outstanding, excluding shares issuable under options and warrants, which will be proportionately adjusted.
- This action aims to preserve shareholders' proportional ownership and help maintain listing eligibility while the Company continues mining operations and pursuing a lithium mine acquisition in Zimbabwe.
26 Articles
26 Articles
Chatham Star Tribune
China Natural Resources Announces 8-to-1 Share Combination
HONG KONG, May 27, 2025 /PRNewswire/ -- China Natural Resources, Inc. (NASDAQ: CHNR), a British Virgin Islands ("BVI") company (the "Company") today announced that the board of directors of the Company has approved an eight-to-one share combination of issued and…
China Natural Resources confirms 8-to-1 share combination
HONG KONG, May 28, 2025 /PRNewswire/ -- China Natural Resources, Inc. (NASDAQ: CHNR), a British Virgin Islands ("BVI") company (the "Company") today announced that the board of directors of the Company has approved an eight-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 …
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