China Hanking Holdings Ltd. (HK:3788) has released an update.
China Hanking Holdings Ltd. has announced that its subsidiary, Hanking Australia, is increasing its stake in Cygnet Gold to 93.37% through a AUD19.4 million acquisition. This move strengthens Hanking’s presence in the gold mining sector, leveraging the rising gold prices and the potential of Cygnet Gold’s project, which is currently in the pre-development stage. The transaction, funded by internal resources, underscores the company’s strategic focus on expanding its mining interests in Australia.
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