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CNMC expansion plans on track despite HK dual listing setback

Management, analysts cite strong gold prices, adequate cash reserves for continued optimism

Published Mon, Dec 31, 2018 · 09:50 PM

    Singapore

    CNMC Goldmine's plans for a dual listing in Hong Kong may have hit a roadblock, but strong gold prices and an adequate cash pile will keep the company's expansion plans on track, say management and analysts of the Malaysia-focused gold-mining company.

    "This is not in any way going to upset our expansion plans and whatever plans we have set for the group overall," CNMC chief executive Chris Lim tells The Business Times in a phone interview.