CNNC International Limited

CNNC International Limited is a Chinese corporate entity associated with the China National Nuclear Corporation (CNNC), a state-owned nuclear industry group supervised by the State-owned Assets Supervision and Administration Commission of the State Council. The company is principally focused on overseas uranium-resource development, giving it a role in the upstream supply side of the nuclear-fuel industry rather than in consumer-facing nuclear power generation or retail products. The company was incorporated in the Cayman Islands and originally operated under the name United Metals Holdings Limited. It became a public company on the Hong Kong Stock Exchange on 6 January 2003. Its corporate identity changed substantially in 2008, when CNNC acquired control through a subsidiary in June. The acquisition was made at HKD 1.77 per share. On 12 December 2008, the company adopted the name CNNC International Limited, aligning its public identity with its controlling state-owned nuclear-industry parent. CNNC International functions as a corporate and investment platform connected with CNNC's international resource strategy. Its stated focus on overseas uranium resources reflects the importance of securing raw-material supplies for the nuclear-power sector. Unlike a conventional consumer brand, the company is better understood as a listed resource-development and nuclear-fuel-supply vehicle within a larger state-owned enterprise group. Public reference material identifies CNNC as its largest shareholder, with a 66.72% stake reported in the company's 2015 annual report. The company's significance is therefore linked to corporate ownership, capital-market status, and participation in the international uranium-resource chain. Available reference material does not provide sufficient detail to establish a complete list of mines, projects, production volumes, operating jurisdictions, senior executives, or current financial performance. Those details should be verified against the company's latest filings and exchange disclosures before being added to this entry.

CNNC International Limited was incorporated in the Cayman Islands and initially operated under the name United Metals Holdings Limited. Before becoming associated with the China National Nuclear Corporation group, it was a publicly listed company with a name and corporate identity unrelated to its later nuclear-resource focus. The company was listed on the Hong Kong Stock Exchange on 6 January 2003. Its public-market listing provided the corporate structure through which it could raise capital and conduct activities subject to Hong Kong listing and disclosure requirements. The available reference material does not specify the company's original business operations in detail beyond its former corporate name. A major change occurred in June 2008, when China National Nuclear Corporation obtained control of the company through a subsidiary. The reported acquisition price was HKD 1.77 per share. This transaction brought the listed company into the orbit of China's state-owned nuclear-industrial system and created a platform for international resource-related activities. On 12 December 2008, the company adopted the name CNNC International Limited. The renaming marked the transition from United Metals Holdings Limited to an entity publicly associated with CNNC. Its principal strategic focus became the development of overseas uranium resources, placing the company in the upstream portion of the nuclear-power supply chain. Its activities are connected with resource access and project development rather than with the manufacture of consumer products. According to the company's 2015 annual report, CNNC was the largest shareholder, holding 66.72% of the issued share capital. CNNC is itself a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission. This ownership structure gives CNNC International a close institutional relationship with China's national nuclear industry, while its Hong Kong listing leaves it subject to public-company governance and reporting obligations. The available material supports the company's incorporation history, listing, change of control, name change, ownership relationship, and broad uranium-resource mandate. It does not provide enough verified information to describe particular overseas uranium mines, project outcomes, production data, financial results, current management, or subsequent corporate transactions. Such information should be supplemented from current annual reports, exchange announcements, and official company disclosures.

• 2015

  Reported majority ownership by CNNC

  [1]CNNC International Limiteden.wikipedia.org

  The company's 2015 annual report identified CNNC as its largest shareholder, holding 66.72% of issued share capital.

• 2008

  CNNC acquired control

  [1]CNNC International Limiteden.wikipedia.org

  In June 2008, China National Nuclear Corporation acquired a controlling interest through a subsidiary at a reported price of HKD 1.77 per share.

• 2008

  Adoption of the CNNC International name

  [1]CNNC International Limiteden.wikipedia.org

  On 12 December 2008, the company changed its name from United Metals Holdings Limited to CNNC International Limited.

• 2003

  Hong Kong listing

  [1]CNNC International Limiteden.wikipedia.org

  The company, then known as United Metals Holdings Limited, was listed on the Hong Kong Stock Exchange on 6 January 2003.

A Hong Kong-listed upstream nuclear-fuel and uranium-resource development company within the China National Nuclear Corporation group.

• Nuclear-fuel resources

  Overseas uranium-resource development

  The company's principal business focus is the development of uranium resources outside China. This places it in the upstream nuclear-fuel supply chain, where activities may include resource investment, project development, and participation in uranium-related assets. The available reference material does not identify a definitive current portfolio of mines or projects, so individual assets are not listed here.

• 2008

  Change of control through CNNC acquisitionM&A

  Background

  The previously listed United Metals Holdings Limited was brought under the control of China National Nuclear Corporation through a subsidiary.

  Action taken

  CNNC acquired a controlling interest in June 2008 at a reported price of HKD 1.77 per share.

  Aftermath

  The transaction repositioned the company within CNNC's nuclear-industry group and was followed by its change of name to CNNC International Limited in December 2008.

  Reported acquisition price per share. HKD 1.77 per share (June 2008)

  Source

• 2008

  Corporate renaming and strategic alignment with CNNCStrategy

  Background

  Following CNNC's acquisition of control, the company needed a corporate identity reflecting its relationship with the state-owned nuclear group.

  Action taken

  The company adopted the name CNNC International Limited on 12 December 2008 and focused its public identity on international uranium-resource development.

  Aftermath

  The renamed company became associated with CNNC's international uranium-resource strategy while retaining its Hong Kong-listed corporate structure.

  Source

1. 1CNNC International Limiteden.wikipedia.org