China Hanking Holdings Ltd. has announced that the Foreign Investment Review Board of Australia has approved Hanking Gold's acquisition of 6% of the issued share capital of Hanking Australia. The acquisition, which is part of a broader corporate restructuring strategy, is independent of and is not contingent upon the completion of the company's proposed spin-off. The Board of Directors, including independent non-executive directors, expressed that the acquisition was determined after arm's length negotiation and is deemed fair, reasonable, and in the interests of the company and its shareholders.
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