PSTT Deal Fuels China Natural Resources; Unique Fabricating Addresses Trading Uptick
- July 28th, 2023
- 423 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
-
FTC Takes Action to Prevent Anticompetitive Arrangement in Beretta, Ruger Deal
September 16th, 2026Why Opponent Preparation Matters for Post-Graduate Athletes
September 16th, 2026The Work Behind the Game: How Football Teams Prepare to Compete
September 15th, 2026NJCP Operates on a Prep Model Built Around a Full Season
September 14th, 2026Earnings Preview: High Tide, Kestra Medical, and RF Industries in Focus
September 12th, 2026
Member Login