Shares of China Natural Resources, Inc. (CHNR) are climbing around 27 percent on Thursday morning trading after the company announced a non-binding Letter of Intent with Feishang Group Limited to acquire all shares of a wholly owned subsidiary of Feishang for $37 million-$40 million.
The company's shares are currently trading at $4.17 on the Nasdaq, up 27.25 percent. The stock opened at $5.00 and has climbed as high as $5.80 so far in today's session. Over the past year, it has traded in a range of $3.16 to $8.20.
The acquisition is expected to strengthen the company's core mining operations through AI and build a scalable growth platform in cutting-edge AI and IoT technologies.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.