China Natural Resources Consummates Acquisition of Coal Mining Company in Guizhou Province, PRC
Newhold, through its 70% owned operating subsidiary, Guizhou Yongfu Mining Co., Ltd., owns mining rights to Yongsheng Coal Mine, a coal mine located in Huajuexiang, Jinsha County,
Additional details of the transaction are contained in the Company's Current Reports on Form 6-K filed with the Securities and Exchange Commission on
Mr. Feilie Li, the Company's CEO and Chairman commented: "The completion of our acquisition of Newhold is a milestone in the development of CHNR's coal business. We intend to continue our coal resources acquisition strategy in
China Natural Resources, Inc., a
This press release includes forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based upon assumptions believed to be reliable, but involve risks and uncertainties that may cause actual results of operations to differ materially from the forward-looking statements. Among the risks and uncertainties that could cause our actual results to differ from our forward-looking statements are our intent, belief and current expectations as to business operations and operating results of the Company, uncertainties regarding the governmental, economic and political circumstances in the People's
SOURCE China Natural Resources, Inc.
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