Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00661 CDAYENONFER
RTNominal up0.049 +0.001 (+2.083%)
Others

07/01/2013 11:18

Daye Non-Fer (00661) unit satisfies Mongolian arbitral award

[ET Net News Agency, 7 January 2013] China Daye Non-Ferrous Metals Mining (00661) said
its subsidiary agreed to transfer its 55% equity interest in Reservoir Moly to Nomin
Deposit LLC (the Mongolian JV partner) in order to satisfy the arbitral award that the
mining right to the Aleinuer Mine had to be returned to the Mongolian JV partner.
China Daye Non-Ferrous said the transfer of mining rights has been prohibited under
Mongolian laws. Since the key asset held by Reservoir Moly is the mining right to the
Aleinuer Mine, China Daye Non-Ferrous' Mongolian legal counsel is of the opinion that the
requirements of the arbitral award can only be satisfied through the transfer. (HL)

Back to Others

Remark: Real time quote last updated: 26/11/2024 14:27
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.