CNNC INT'L (02302) indirectly controlled the parent company China Uranium Industry officially landed on the Shenzhen Stock Exchange, effectively demonstrating the enhancement of its capital market position.

date
12:24 03/12/2025
avatar
GMT Eight
CNNC International (02302) announced that the Company has learned that its indirect holding company, China Uranium Corporation Limited ("China Uranium" or "Parent Company"), which holds approximately 66.72% of the Company's issued shares, was officially listed on the Shenzhen Stock Exchange on December 3, 2025.
CNNC INT'L (02302) announced that it has learned that its parent company, China Uranium Corporation Limited ("China Uranium" or the "Parent Company"), which indirectly holds approximately 66.72% of the company's issued shares, was officially listed on the Shenzhen Stock Exchange on December 3, 2025. The main business of China Uranium includes the mining, smelting, sales, and trading of natural uranium resources, as well as the comprehensive utilization and sales of radioactive associated mineral resources such as monazite and uranothorianite; its main products include natural uranium, rare earth chlorides, and ammonium dimolybdate. The listing of China Uranium is part of its independent business and capital operation arrangements. The Board of Directors believes that China Uranium's successful listing not only demonstrates the enhancement of its capital market status, but also is expected to further strengthen the synergies between the company and its parent company, providing broader strategic support for the company's future development. The company's business operations will continue as usual, and it is expected to benefit from the increased market influence of the parent company, thereby gaining positive support in terms of brand awareness, resource integration, and strategic expansion.