Yuchen is a commodities trading company incorporated in Hong Kong and has, through an affiliated company, been purchasing lead and zinc concentrates from CNMC since early-2023.
CNMC expects the contract to have a positive impact on its earnings per share (EPS) and net tangible asset (NTA) per share for the FY2024 ending Dec 31, 2024.
Shares in CNMC closed 0.3 cents higher or 1.52% up at 20 cents on Dec 22.
