CHNR Announces Non-Binding Letter of Intent to Acquire Majority Stake in HooRii Technology, Marking Strategic Shift to Physical AI
China Natural Resources, Inc. - Common Shares (CHNR)
US:NASDAQ Investor Relations:
chnr.net/display.php?cid=21
Company Research
Source: PR Newswire
HONG KONG, March 19, 2026 /PRNewswire/ -- China Natural Resources, Inc. (NASDAQ: CHNR) ("CHNR" or the "Company"), a holding company that operates in exploration and mining business, today announced that it has signed a non-binding Letter of Intent ("LOI") with Feishang Group Limited, its principal shareholder ("Feishang"), to acquire 100% shares of a wholly owned subsidiary of Feishang that will own, directly or indirectly, 59.79% of the equity interest of HooRii Technology (HK) Limited ("HooRii"), a limited liability company incorporated in Hong Kong specializing in physical AI development, through the combination of IOT and artificial intelligence, to bring AI into the physical world (the "Acquisition"). The Company has established a special committee consisting of all of the independent directors to evaluate the Acquisition. Pursuant to the LOI, the Acquisition's total consideration is estimated to range between US$37 million to US$40 million through a combination of cash and stoc
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CHNR
News
- China Natural Resources, Inc. [CNN]CNN
- CHNR intends to acquire majority stake in HooRii Technology [Seeking Alpha]Seeking Alpha
- A Look At The Intrinsic Value Of China Natural Resources, Inc. (NASDAQ:CHNR) [Yahoo! Finance]Yahoo! Finance
- CHINA NATURAL RESOURCES REPORTS FIRST HALF 2025 RESULTS [Yahoo! Finance]Yahoo! Finance
- CHINA NATURAL RESOURCES REPORTS FIRST HALF 2025 RESULTSPR Newswire
CHNR
Sec Filings
- 3/19/26 - Form 6-K
- 1/29/26 - Form 6-K
- 1/2/26 - Form 6-K
- CHNR's page on the SEC website