PSTT Deal Fuels China Natural Resources; Unique Fabricating Addresses Trading Uptick
- July 28th, 2023
- 330 views
Shares of China Natural Resources, Inc. (Nasdaq: CHNR) experienced a remarkable surge of over 50% in after-hours trading following the company's announcement of a deal to sell all outstanding shares of Precise Space-Time Technology Limited (PSTT) to Feishang Group Limited.
The sale, which includes PSTT's outstanding payable owed to China Natural Resources, amounts to approximately RMB 95,761,119 in cash (about $13.2 million) with a potential upward post-closing adjustment.
$CHNR was trading at $3.09, showing a gain of $1.13 (+57.65%) in after-hours.
In other news, Unique Fabricating, Inc. (NYSE American: UFAB) has clarified that it has no news to announce at this time that would explain the recent increase in trading activity of its shares of common stock.
$UFAB closed at $0.34 (+60.19%) during regular trading but declined by $0.04 (-10.98%) to $0.30 in after-hours.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
NJCP National Football Conference Names David Dalton Head Coach of Salt Lake Yeti
February 06th, 2026FDA Takes New Approach to "No Artificial Colors" Claims
February 06th, 2026NJCP National Football Conference Announces Micah Deckart as Head Coach of the Idaho Outlaws
February 05th, 2026
Member Login