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China Env Res (01130.HK) has signed a memorandum of understanding with Goldwin Century.
On February 21, Glodon announced that China Env Res (01130.HK) entered into a memorandum of understanding with Goldwin Century Limited regarding the potential collaboration for the business development and other associated business opportunities related to the rare earth project located in China, which will be subject to the terms and conditions of a separate formal and legally binding agreement to be established. Goldwin Century is a limited company registered in the British Virgin Islands and serves as an investment holding company. Through a series of structured contracts, Goldwin.
Express News | China Environmental Resources - Cooperation for Development of Rare Earth-Based Projects and Ancillary Business Opportunities
Express News | China Environmental Resources - Mou With Goldwin Century Regarding Potential Cooperation
Announcement Highlights | Alibaba's revenue in the last quarter increased by 8% year-on-year; "Snow King" has started its IPO! The stock is priced at HKD 202.5 per share.
In the last quarter, Alibaba's Net income increased by over 300%; CHINA RES POWER's photovoltaic sales volume in January rose by 45%.
China Env Res (01130.HK): Expected to reduce mid-term comprehensive losses by no less than 60%.
On February 20, Glonghui reported that China Env Res (01130.HK) announced that it expects the group to reduce its unaudited consolidated loss for the six months ending December 31, 2024, by no less than 60% compared to a loss of approximately 45.3 million Hong Kong dollars in the same period of 2023. The Board of Directors believes that the reduction is due to the combined effects of the following matters for the six months ending December 31, 2024: (i) a decrease in revenue to approximately 29.8 million Hong Kong dollars due to reduced product demand, leading to a decrease in gross profit to approximately 6.4 million Hong Kong dollars; (ii) a reduction in administrative and operating expenses to approximately 18.2 million Hong Kong dollars.
Express News | China Environmental Resources Sees Hy Unaudited Consolidated Loss to Decrease by Not Less Than 60%
Some Confidence Is Lacking In China Environmental Resources Group Limited (HKG:1130) As Shares Slide 39%