China Hanking Holdings Ltd. announced the termination of a very substantial asset transaction involving the sale of its wholly-owned subsidiary, Primary Gold, which holds the company's gold exploration and mine development business in the Northern Territory of Australia. The transaction's completion was dependent on various conditions, including approval from the Australia Foreign Investment Review Board. As this condition was not met by the set deadline, the agreement was terminated on 2 July 2025. The company is now reviewing its business strategy and plans for its gold mining operations.
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