China Nonferrous Gold (GB:CNG) has released an update.
China Nonferrous Gold Limited (CNG) is facing a financial crunch as its creditor, CNMC Trade, has demanded immediate repayment of loans totaling $237.15 million, while CNG only has a cash balance of $8.53 million. The company’s inability to meet these demands has led to discussions with CNMC Trade to seek a way forward. CNG’s shares have been suspended from trading since November 2023, and face cancellation if the suspension reaches six months.
For further insights into GB:CNG stock, check out TipRanks’ Stock Analysis page.
